Post
Topic
Board Speculation
Re: Lose all your capital fast, with MatTheCat and his TA 101A!
by
Wexlike
on 26/04/2017, 22:39:06 UTC
Roach, Matt, are you both still sure about your predictions of some major correction in BTC?

Back in Sept 2016, I called $1500 Bitcoin. This wasn't based on any technical or fundamental analysis, but on something that came to me when I was tripping balls on Mescaline.

My recent call for a correction however, was based on technical analysis. If we both agree that Bitfinex's charts can be ignored and focus on Stamp's chart, that is still one very sick (in the traditional sense of the word) looking chart....but hey...this is a bull run and the Bitcoin market is very small and controlled by very few dominant players, could be the big blow off top is still to come. Certainly wouldn't be looking to short Bitcoin right now, but if I were long Bitcoin, I would def be looking to take profits up here.

Not only are the technical momentum and volume indicators looking weak, the fundamentals are fucking horrible right now also. We have this potential hard fork issue. We have Bitfinex trading at a $100 premium over anywhere else because no cunt can get their money out because of 'banking issues'  ( has anyone heard that one before?), and we have the Chinese exchanges which normally lead Bitcoin, trading at a $200 discount to the only USD based exchange with any semblance of credibility (Stamp).

No sane investor would touch Bitcoin with a fucking bargepole right now. That doesn't mean that Bitcoin can't ramp a whole lot more from here b4 it does, but anyone willing to take on all that risk may as well just go down the casino and put their capital all on Black.

Maybe focus on the working Euro market ?