Lose all your capital fast, with MatTheCat and his TA 101A!

[MatTheCat]

Check where this bitch found resistance.....like fucking poetry:

[1714813369]

1714813369

[1714813369]

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[1714813369]

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[MatTheCat]

[r0ach]

Is this the thread to lose all my Mats with TA from cats.

[Luthier]

This trade is completely baffling to me.  Did you really think it would retrace all the way up to that line right away?  That would be pretty bizarre structure for a correction/break down like this.

[RyNinDaCleM]

This trade is completely baffling to me.  Did you really think it would retrace all the way up to that line right away?  That would be pretty bizarre structure for a correction/break down like this.

It is showing the end, or at least a local end to the selling and he has a scalp long in play. There is no actual time limit implied and no one would expect a bounce right back to the consolidation highs immediately.

[MatTheCat]

This trade is completely baffling to me.  Did you really think it would retrace all the way up to that line right away?  That would be pretty bizarre structure for a correction/break down like this.

It was fucking idiotic.

But I did alter it to much more 'attainable' targets.....It was a quick trade, never had a lot of time to think about it....and for a Volumn Profile trade, the target is always the PoC.

Big question for me is, why the fuck am I taking longs, when I am bearish as fuck?

I said BTC was going down, the short I took yesterday would have now hit, except I got FU'd out my position by fkn OkCoin crooked bastards....I have made numerous posts stating that I think that Bitcoin is going to tank........and the trade I choose...is a fucking counter trend long!?

Yet again...I turn hundreds of bucks of potential wins, into sore assed losses.



I sometimes wonder what goes on in my head.

[Luthier]

Didn't mean to be harsh but it's wise to wait for the inevitable 3rd wave/2nd bottom test in a move like that before getting back in.

[r0ach]

Bottom was $520.

Re-read everything I typed at the start of this thread Mat, then look at this picture and get it into your head that anyone can take a long right now and hold it for 40ish days and wind up in mega profit as an asymmetric trade, which is why the price isn't even going to think about going down:

[MatTheCat]

Didn't mean to be harsh but it's wise to wait for the inevitable 3rd wave/2nd bottom test in a move like that before getting back in.

There was no divergence at all on the bottom bounce that I tried to play, so why I tried to play it, despite calling the correction, I have no fucking idea, I guess I just love setting fire to big piles of money..

.........for a counter trend bounce play...divergence is a must in my book....




That was the trade. Was sitting here staring at sub 3500 on Huobi, but I was just back from dinner, and an evening walk and never had no plan, and after the last kicking I took, I didn't want to just fire the trade blind......this is just how it goes for me for some reason....

I will keep my eye on any sort of retrace that it wants to offer up, and see if I can hit it long, but I suspect it is gone.

[r0ach]

Fiat lover Mat, how much fiats are you planning to hold when this happens (magazine owned by Rothschilds that shows all fiat in flames by 2018):

[MatTheCat]

Fiat lover Mat, how much fiats are you planning to hold when this happens (magazine owned by Rothschilds that shows all fiat in flames by 2018):

I don't love 'fiat'.

I just recognise that any money that ever existed, required an 'authority' behind it. Even gold and silver only became used as money because people in positions of power desired to own it.

[r0ach]

I don't love 'fiat'.

I just recognise that any money that ever existed, required an 'authority' behind it. Even gold and silver only became used as money because people in positions of power desired to own it.

The only purpose of currency is to reduce friction of barter.  There is nothing about it that requires a central authority.

[notme]

I don't love 'fiat'.

I just recognise that any money that ever existed, required an 'authority' behind it. Even gold and silver only became used as money because people in positions of power desired to own it.

The only purpose of currency is to reduce friction of barter.  There is nothing about it that requires a central authority.

It's an easy mistake to make.  Debt does require a central authority to enforce and many people today conflated debt and money.

[adamstgBit]

I don't love 'fiat'.

I just recognise that any money that ever existed, required an 'authority' behind it. Even gold and silver only became used as money because people in positions of power desired to own it.

recognise that for the first time in history a central authority isn't needed, understand how game changing and how much better that system is, and you'll know what to do

[r0ach]

recognise that for the first time in history a central authority isn't needed, understand how game changing and how much better that system is, and you'll know what to do

[zimmah]

Fiat lover Mat, how much fiats are you planning to hold when this happens (magazine owned by Rothschilds that shows all fiat in flames by 2018):

satoshi nakamoto = Illuminati confirmed

[MatTheCat]

Today is going to be a fucking horrible day for stocks!





Of course, what is bad for the JIDF Zionist Monetary System, is therefore by definition, good for Bitcoin, right?





Or perhaps wrong? I see more evidence to suggest that Bitcoin correlates with equities here, and if anything, Equities lead Bitcoin.

[clopoterian]

I don't love 'fiat'.

I just recognise that any money that ever existed, required an 'authority' behind it. Even gold and silver only became used as money because people in positions of power desired to own it.

The only purpose of currency is to reduce friction of barter.  There is nothing about it that requires a central authority.

Only if by "reduce friction of barter" you mean crying hot, slippery tears while opening the bag of poo that I sent you (instead of the laptop you sent me beetcoins for).

[sandiman]

Today is going to be a fucking horrible day for stocks!


img]https://www.tradingview.com/x/Sb5d8dkL/[/img]


Of course, what is bad for the JIDF Zionist Monetary System, is therefore by definition, good for Bitcoin, right?


img]https://www.tradingview.com/x/uju5tCy7/[/img]


Or perhaps wrong? I see more evidence to suggest that Bitcoin correlates with equities here, and if anything, Equities lead Bitcoin.

I think that after chinese pushed the market last week, it's not the turn of western exchange, probably for the "same" reason (not a devaluation though, but weaknesse of the $)

[clopoterian]

I think that after chinese pushed the market last week, it's not the turn of western exchange, probably for the "same" reason (not a devaluation though, but weaknesse of the $)

Let me see if I get this: Chinese purportedly bought BTC due to yuan getting devalued rel. USD ($ too damn strong!)
now the westerners are gonna buy BTC because $ too damn weak?
You must'a been to some expensive universities....