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

[sandiman]

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....

Lazy to make you a chart, USD short term downtrend against some of its friends:

https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2016/05/31/dailyclassics_aud-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2016/05/30/dailyclassics_eur-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/nzd-usd/2016/05/30/dailyclassics_nzd-usd.html

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[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....

Lazy to make you a chart, USD short term downtrend against some of its friends:

https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2016/05/31/dailyclassics_aud-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/eur-usd/2016/05/30/dailyclassics_eur-usd.html
https://www.dailyfx.com/forex/technical/home/analysis/nzd-usd/2016/05/30/dailyclassics_nzd-usd.html

Not too lazy to grab a screencap. BTC short term downtrend against some of its friends:
http://s33.postimg.org/ai1558l7z/Capture.jpg

[MatTheCat]

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 $)

Dollar Index is in the process of rebounding mate.

Fed are basically saying they are going to raise interest rates.

That is bad for everything, except the dollar, and bonds.

[r0ach]

Not too lazy to grab a screencap.

Ethereum is a scamcoin.  Have a nice day:

The Ethereum Paradox

https://bitcointalk.org/index.php?topic=1361602.0

Why proof of stake is also useless.  Thank you for your support:

Why proof of stake has no value:

Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary.  So why are two confirmations more useful in Bitcoin (PoW) than one?  Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there is no upper limit to confirmations.

Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails.  The act of introducing interest compounds this problem even more.  This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.

On top of being worthless, proof of stake is also a permissioned ledger.  The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

[glorywhole]

Not too lazy to grab a screencap.

Ethereum is a scamcoin.  Have a nice day:
 Ethereum (ETH)  $14.10 (2.78 %)
 Bitcoin (BTC)      $ 534.94 (0.56 %)

Lol. plz keep making up excuses for your obsolete crypto

[r0ach]

Lol. plz keep making up excuses for your obsolete crypto

Lol Ethereum pumper down to only 2000 BTC 1800 left to support from his initial 5000 BTC and Ethereum collapses to 0.016 btc or worse after he runs out.  Eth pumper is underwater as fuck and taking on huge bags of Eth just trying to prevent it from crashing.  No wonder you're spamming the entire forum begging people to buy it.  Nobody is buying that garbage, you're fucked.

[BlindedByStick]

Lol. plz keep making up excuses for your obsolete crypto

Lol Ethereum pumper down to only 2000 BTC left to support from his initial 5000 BTC and Ethereum collapses to 0.016 btc or worse after he runs out.  Eth pumper is underwater as fuck and taking on huge bags of Eth just trying to prevent it from crashing.  No wonder you're spamming the entire forum begging people to buy it.  Nobody is buying that garbage, you're fucked.

Keep dreaming, bitr0ach. Superior ETH has made Etherians TEN TIMES richer in 2016 alone.
Your obsolete beetcoins can't even double

[MatTheCat]

[adamstgBit]

suddenly I feel bearish 

[korila]

suddenly I feel bearish 

If you are a short term trader, you must place a long bet now because it's simply when BTC price bounces, it will go up to 3650 yuan easily.
In case BTC price goes down, you must set stop loss around 3490yuan.


so downside is you lose 50yuan,  upside is probably can go up 3650 easily so 90yuan.

almost 2 times more payout, yet up and down side is 50%

there is massive resistance on 3500. so it will not likely go below 3500yuan

[MatTheCat]

suddenly I feel bearish  

Yep, me to!

Scratched:  




(now I have bailed from the trade, it will go shooting up to it's target now).

[r0ach]

Yep, me to!

Scratched:  

(now I have bailed from the trade, it will go shooting up to it's target now).

Thank god.  I was worried about being on the same side of a trade as Mat.  Now I see where those couple of nickels sell came from on the tape.  I want Mat ONLY on the other side of the trade.

[MatTheCat]

Yep, me to!

Scratched:  

(now I have bailed from the trade, it will go shooting up to it's target now).

Thank god.  I was worried about being on the same side of a trade as Mat.  Now I see where those couple of nickels sell came from on the tape.  I want Mat ONLY on the other side of the trade.

Well, as it happens, I never exited trade at all.....looking a lot more solid now for a little bit of upside:



If Bitcoin however starts dicking around and failing around that AB=CD trade entry point (0.25 level), then I will get the fuck out. I seem to have a thing where I want to take short trades when the MAs are pointing up, and start taking bullish trades when they are pointing down. I am a stupid fkn dick.

[damnek]

Just do the opposite of what you normally do, if you're consistently losing money. I'm not kidding. That was my first step to start making money trading.

[MatTheCat]

Looks like the long trade is going to be put on hold for a bit:





and with that said:

[MatTheCat]

Just do the opposite of what you normally do, if you're consistently losing money. I'm not kidding. That was my first step to start making money trading.

Terrible strategy.

I am actually right more than I am wrong. I just have a habit of pissing all over my feet all the time.

[r0ach]

I am actually right more than I am wrong.

Mat, your trading strategy is awful.

The last hard floor was $520.  The floor then rose even higher to $535ish and shows not even a hint of weakness.  Finex, Bitstamp, and Coinbase are all within a dollar or two of each other, and China is only $7 higher than the US.  The wall support on all of those exchanges is even better than when the price was $420.  The fact that you're drawing charts make believing the price can go anywhere near $460 makes you a bottom of the barrel trader.

Since the floor is rising and the market is currently oversold + has some shorts to squeeze, it's going up.  Even in a worst case scenario it could only fall back to $520 currently.  Looking at these ridiculous Mat charts scrolling down to $460 is like a Sunday morning cartoon...

You're like a rape victim from too many bad shorts that's now too scared to trade.

[MatTheCat]

I am actually right more than I am wrong.

Mat, your trading strategy is fucking awful.

The last hard floor was $520.  The floor then rose even higher to $535ish and shows not even a hint of weakness.  Finex, Bitstamp, and Coinbase are all within a dollar or two of each other, and China is only $7 higher than the US.  The wall support on all of those exchanges is even better than when the price was $420.  The fact that you're drawing charts make believing the price can go anywhere near $460 makes you a bottom of the barrel trader.

Since the floor is rising and the market is currently oversold + has some shorts to squeeze, it's going up.  Even in a worst case scenario it could only fall back to $520 currently.  Looking at these ridiculous Mat charts scrolling down to $460 is like a Sunday morning cartoon...

You're like a rape victim from too many bad shorts that's now too scared to trade.

Shorts are very low on Finex.

As for other exchanges, I don't know where to find the data.

I am not saying that BTC is going back down to $460, I am saying that it is a possibility. A possibility that I am mindful of being on the wrong side off. All that has to happen is a few big players to start dumping, and everyone else will soon fall into line.

[r0ach]

I didn't say there were lots, just more than 0 unlike a lot of the time recently.

[Chef Ramsay]

Mat reminds me of tarmi and some other dude w/o the charts and TA, just begging to get rekt. I hope leverage isn't part of his game. Halving is coming (duh) so please consider all the possibilities in a bullish mindset.