Re: Lose all your capital fast, with MatTheCat and his TA 101!
Fact is, I opted to be a bear, in the face of the bull, and I have been run over.
Do you know what the word asymmetric trade means? It means whoever goes long right now, even if it did drop back to 420 by some miracle (not likely), they wouldn't lose a dime because you can easily just hold the long until halving rise is over and still be in mega profit. That is who you are trading against and why you lost.
We will see who's smart and who's not when the halving happens. Iteresting times ahead.
I am ready.
Not saying this will happen over 1 day period.
But I think the halving should be viewed coming in less of a immediate price reaction. You should peoples reactions coming after a week or so from then on out I feel.
Unless theres a ton of buy orders all across on all exchanges then I dont know.