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Matt

@Trader_M4tt

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355
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Forex and Bitcoin trader

UK
Joined March 2018
Don't wanna be here? Send us removal request.
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@Trader_M4tt
Matt
17 days
my equity curve for the first 6 months of 2024
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@Trader_M4tt
Matt
5 years
BTC to 5k CT: bull run we're going to 7k BTC stalls CT: 6k the likely destination BTC retraces CT: 5.8k big resistance BTC goes sideways CT: 5.5k the target BTC does nothing CT: if we lose 4.8k we go to 3900 Bruv stick to your analysis. Stop reacting emotionally to movements
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@Trader_M4tt
Matt
5 years
When you watch something go up and up and up and you're not in it You think "shit, I should buy, but I can't because it looks like it's going to top" Then you don't. It goes up again Then you decide to buy <- it's at this point it is about to go down 😂
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@Trader_M4tt
Matt
5 years
Binance allowing GBP and EUR to pay for BTC on their exchange - something that they didn't do in the last bull cycle Coinbase also now have GBP and EUR wallets to purchase BTC Tell me that the next crypto bull cycle isn't going to be bigger than the last. Infrastructure is huge
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@Trader_M4tt
Matt
6 years
Can you imagine the next full blown bull cycle in crypto? It's going to be absolutely nuts on here isn't it? Everyone is going to be friends again. Your aunt is going to call herself QueenofCrypto on Twitter and have more followers than you, and the rocket emoji stocks will ATH
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@Trader_M4tt
Matt
6 years
I couldn't care less what these alt coins do or don't do In a face melting bull cycle for BTC, which I think everything is gearing up towards, these alts will pump hard. Whether the alt coin brushes your teeth, cures cancer or is Bitconnect. They'll all pump Position yourselves
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@Trader_M4tt
Matt
5 years
Trading is a journey You start off on a demo account. Turn 50k into 1.5mil then open your live account You lose it all You then start small, scalping LTFs with very little money You feel like a king for a while because you're making money. Good results with tight stops
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@Trader_M4tt
Matt
6 years
Accumulate 5-10 BTC in the next 12 months in any way you can: Trading Medium term investing Dollar cost averaging Hold until end of next year. You'll most likely be worth at least half a million Why the rush?
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@Trader_M4tt
Matt
5 years
Bitcoin is consolidating in an uptrend Friendly reminder
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@Trader_M4tt
Matt
5 years
Donald Trump doesn't like Bitcoin, so now a load of blue tick nobody Twitter journalists and lefties should be buying Bitcoin to stick it to Trump. It only makes sense 50k by the end of next week
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@Trader_M4tt
Matt
6 years
Trading can be very simple if you look for the right signs Look around areas where big sell-offs and big rallies have taken place Unfilled orders are very likely to remain Short the top of big sell-offs and long the bottom of big buying A simple fundamental supply/demand view
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@Trader_M4tt
Matt
5 years
Bitcoin is ~$500 up on the day and nobody cares, just looks like a flat day It just dropped $300 on an m5 candle and nobody batted an eyelid A $500 drop last week down to $7300 was catastrophic Mad, eh?
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@Trader_M4tt
Matt
5 years
Above $12,000 on Bitcoin, and I don't think we ever see a 4 digit BTC ever again
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@Trader_M4tt
Matt
6 years
In 2018 I learned: - Not to hold shit coins - What Elliot Waves are - That Elliot Waves are a load of shit - That Elliot Wavers are worse than XRP holders when their ideals are challenged - Alt seasons happen on every $100 rally on BTC - The bottom isn't in yet
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@Trader_M4tt
Matt
5 years
So the Chinese government pumped Bitcoin to $13,000 but a Chinese scam group is dropping Bitcoin to below $10,000? Okay
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@Trader_M4tt
Matt
6 years
So if we get another bull run, and loads of retail money comes into the space and we get an influx of new people, all of us now will be considered OGs right? As a middle class white guy, I never thought I'd be attributed to such a thing as OG. Wait til Margaret hears about this
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@Trader_M4tt
Matt
6 years
If you've lost money in the bear market, who cares? You'll make it back If you've watched the majority of the bear market and not learned anything, then you should care This experience can set you up for life
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@Trader_M4tt
Matt
5 years
Crypto has provided *in the past* a life changing opportunity where nobodies acquired huge amounts of wealth that they would never have seen otherwise It *may* happen again. We're betting on it But that doesn't give you entitlement to shit on higher education or 9-5 careers
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@Trader_M4tt
Matt
5 years
Bakkt and all the other positive fundamental news stories in crypto at the moment aren't here to move the market up and start a bull run They're here so that the next bull run in crypto melts your face off like nothing you've seen before
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@Trader_M4tt
Matt
5 years
Looking at BTC like this has potentially bottomed
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@Trader_M4tt
Matt
5 years
There's a reason why it takes on average 4 years to become consistently profitable as a trader. Consistency doesn't = back to back winning months It's a long journey and we all mostly have been where you are. I wish everyone the best. It's a mad career choice, really!
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@Trader_M4tt
Matt
4 years
One of my goals this year is to go to a desert and see the stars at night with no light pollution. Just full on galaxy Thinking about the US. Any suggestions?
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@Trader_M4tt
Matt
6 years
The best approach to trading, I believe, is to trade as if you had a massive account Your first thought then is to protect the account, not get caught up in potential gains I found that as my account grows, I get more conservative. Keep it steady from small. You'll make it big
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@Trader_M4tt
Matt
5 years
Bitcoin: 6200 as a retrace not the strongest in my opinion but should bounce 5500 offers the strongest support and is an "all in" price for me should we get down there Failing that, 4600 is likely It *should* reverse at some point. Magnitude unknown. Advice: average in
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@Trader_M4tt
Matt
5 years
Bitcoin dropped $2000 in the middle of May and then rallied ~$8000 after Bitcoin has just dropped another $2000 For all the doom and gloom on here, I think this is great for the market. We've dropped into an area where traders/investors want to do business
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@Trader_M4tt
Matt
5 years
I sold 2 alts that I have been holding for some time for significant losses earlier I don't like the alt market. Not my thing. I think when the time is right to trade them, you just know. Everything else = hope Trading BTC is more profitable for me by miles
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@Trader_M4tt
Matt
5 years
Just playing devil's advocate here, but... If the power was down And people couldn't use their banks And people couldn't access their $$ Then how would people be able to buy Bitcoin? And if they had Bitcoin, how could they access it without power? 🧐
@APompliano
Anthony Pompliano 🌪
5 years
The power in Venezuela was down. People had no access to their $$. The ATMs weren’t working. The banks were down. But Bitcoin was running. It is always running. Bitcoin is simply superior money.
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@Trader_M4tt
Matt
5 years
Bitfinex fud Binance hacking Bitcoin at resistance And now, we have Instagram "models" with 2 million followers giving out their "top 5 altcoins for 2019" Time to start loading up the short orders, ladies and gents. Gotta be topping verrrry soon
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@Trader_M4tt
Matt
5 years
I think there will be a bigger sigh of pleasure on here if BTC retraces and consolidates, than if it goes above ATH
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@Trader_M4tt
Matt
5 years
This is actually fucking mental. I'm officially cautious of this move now
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@Trader_M4tt
Matt
5 years
If you risk a small amount per trade and get frustrated that your account isn't growing fast enough, you want to succeed too much Wanting it too much = you won't get it Slow and steady wins the race. Even a couple of 2% wins a week will compound massively over time
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@Trader_M4tt
Matt
5 years
Bitcoin could reach $100,000,000 tomorrow and you'd still have people on here praying for an alt season every other tweet 😂
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@Trader_M4tt
Matt
5 years
$60 a month on trading view so that you can have more than 30 alerts Absolute joke @tradingview
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@Trader_M4tt
Matt
5 years
In my opinion, patience is a trader's most valuable asset
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@Trader_M4tt
Matt
5 years
The markets *will* humble you. Nobody is immune from it If you think even the greatest traders never had bad streaks, get real Success is bred from hard times, in all walks of life. Not just trading Once you truly internalise that losing is okay, you are free to improve
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@Trader_M4tt
Matt
6 years
I've been publicly live trading forex within @BitcoinTG over the past month. All setups I posted in advance of each trade and I managed each trade live Here are my results. I trade with 5% risk per position using a higher timeframe strategy (186% acc growth) Charts to come
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@Trader_M4tt
Matt
5 years
Judge your trading account by it's growth over the year, not by a weekly or monthly basis You'll find that your attitude towards a bad week/month transforms Zoom out and look at the bigger picture. You're not here to get rich in a week. You're here to do it over a long time
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@Trader_M4tt
Matt
5 years
Here's a simple pattern for newer traders When price is consolidating, don't try and guess which way it goes next. Trade the retest Your emotions will stop you waiting for that retest because you think you've missed the move when you see price surging P A T I E N C E
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@Trader_M4tt
Matt
6 years
Depiction of a trader's journey: Hey look, it's about to rally! Buy! *price drops* *margin call* Shit, why did I do that? Hey look, it's about to rally! Buy! *price drops* *margin call* Shit, why did I do that? 5,639 times later Hey look, it's about to ra-waaait a minute 🧐
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@Trader_M4tt
Matt
5 years
7.5k on BTC - the level makes sense. I really like it for a bounce The fact that everyone is tweeting about it means 1 of 2 things however imo: 1 - we undershoot to the support at 8500 2 - we overshoot to the support at 7200 Everyone will get caught off guard I think
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@Trader_M4tt
Matt
5 years
Trading Twitter - a place where the people who put their balls on the line by making public analysis/calls get crucified for something wrong by those that don't have the guts to put their balls on the line 😂
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@Trader_M4tt
Matt
6 years
One thing not to get caught up on whilst navigating Twitter is competition If someone wins, congratulate them. If someone loses, support them You should compete against yourself, to be a better person and trader than you were 6 months ago. And hopefully a bigger account too
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Matt
5 years
As investors in Bitcoin for the next 2-4 years, I see a lot of people wanting a drop by $2000 for a better entry Put your investing plan into perspective Bitcoin has huge upside potential The yellow box is what you're worrying about Look how insignificant it is on a big scale
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@Trader_M4tt
Matt
5 years
My first BTC video is up on my youtube channel Any retweets, likes, subscribes, etc are much appreciated
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@Trader_M4tt
Matt
5 years
"Price needs to hold support to remain bullish" "if price loses support I'm bearish" Some of the genuine tweets I've seen today without a hint of irony Incredible insight In other news, if the sun rises later it'll be bright outside
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@Trader_M4tt
Matt
5 years
Why are people so obsessed with catching the bottom of crypto? There are stories out there of people turning $1000 into tens of thousands and even hundreds of thousands after buying in at the end of November/beginning of December 2017 while BTC was over $10,000 Chill!
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@Trader_M4tt
Matt
6 years
This entire swing down on BTC from 20k is great. We have so much to trade on the way back up. If you rode that swing up to 20k, good for you. This is now what we need - price history. When we reach a new ATH, we have even more solid support to look at Opportunities galore
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@Trader_M4tt
Matt
4 years
Anyone else sleep like absolute crap the past couple of nights? Supermoon and that
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@Trader_M4tt
Matt
5 years
Dunno about you lot but thank the fucking lord we're out of that boring ass range on Bitcoin
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@Trader_M4tt
Matt
4 years
At 16yo he had enough money growing up in a council estate to risk to make £470 He had enough smarts in the hardest game in the world to profit at 16 consistently Oh, and he opened an account at 16 despite brokers requiring you to be 18 Seems legit 👍
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@Trader_M4tt
Matt
6 years
Wait for the chart to scream at you to take the trade If you're sat there searching for every reason to mark a level, chances are that it isn't going to work Trade the obvious only and watch your success rate improve
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@Trader_M4tt
Matt
5 years
Muh bullish engulfing monthly candle
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@Trader_M4tt
Matt
5 years
Bitcoin moves up in a trending market, like at present Then it drops - this is called a "retrace" It happens in all trending markets Red candles don't mean death A bounce north and continuation of the higher timeframe trend can and will catch you off guard Prepare for it
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@Trader_M4tt
Matt
5 years
Ralph Nelson Elliott invented "Elliot Waves" and died poor because they didn't work. His motto was "if in doubt, recount", which you can see all over Twitter in 2019. He would be proud. I prefer the more profitable trading strategy, invented by Sir Plien Demand
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@Trader_M4tt
Matt
5 years
Bitcoin looks really bullish to me on a higher timeframe - I've found that the 3D chart is a good measure of what is going on This is a textbook bullish continuation pattern for me Break resistance Retrace Break previous high Retrace to break origin Bounce Looks good
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@Trader_M4tt
Matt
6 years
Tell you what though, ladies and gents, that is a fantastic looking chart isn't it?
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@Trader_M4tt
Matt
5 years
Here's some trading advice for ya When setting your stop loss, set it above/below an important level near to your entry point. Don't focus on the RR. The setup defines that, not you If there's nothing important to put your stop behind, don't just fudge it. Don't take the trade
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@Trader_M4tt
Matt
3 months
@tradermike1234 Their excellent ability to observe the past and bring it up in the present helps massively 😬
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@Trader_M4tt
Matt
6 years
Not sure where to take a position? Price travels from supply to demand, and from demand to supply The space in between is a guessing game. Position yourself in a logical area after letting price come to you The higher the timeframe, the more likely you are to be right
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@Trader_M4tt
Matt
5 years
I sent this to my friend @Tradermayne last night as what I think is going to happen with BTC. Back to the origin of parabola I wrote this early last year: Thoughts? I think there's still too much hopeful sentiment for the bottom to be in
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@Trader_M4tt
Matt
6 years
Wrote this back in May about Bitcoin. Thoughts? Prepared to take the opportunity if it presents itself at 1k or are you not touching it?
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@Trader_M4tt
Matt
6 years
Crypto in November 2017 - everyone trying to buy the top Crypto in November 2018 - everyone trying to buy the bottom Brilliant stuff
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@Trader_M4tt
Matt
5 years
Bull markets in Bitcoin are crazy. We have the craziest of them all coming up People's recent issues: Getting chopped (buying, selling, re-buying) Sitting on the sidelines waiting Shorting momentum Running on emotion Make sure to learn from this recent rally for the main event
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@Trader_M4tt
Matt
6 years
After just turning 30, people keep asking me how it feels, to which I reply that it all just feels the same and it’s a stupid question But I’ve noticed that as soon as I sit on any sofa, I suddenly want to sleep. Hmm 🧐
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@Trader_M4tt
Matt
6 years
A very simple way of improving your trading: Look at the risk first, then the reward
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@Trader_M4tt
Matt
6 years
Professional traders look to get rich over the long term and succeed Greedy traders look to get rich in the short term and fail
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@Trader_M4tt
Matt
6 years
Get good at pattern recognition and your trading will greatly improve Pattern recognition in charts - become familiar with how markets move Pattern recognition in yourself - objectively observe your habits and learn from what's holding you back
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@Trader_M4tt
Matt
5 years
What's your weakness as a trader? Too emotional? Not experienced enough? Mine is my organisation. When I'm on top of it all, I absolutely smash the markets. Then I get a bit complacent & my headspace gets clouded, affecting my trading A lot more to things than pretty charts!
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@Trader_M4tt
Matt
6 years
I think that the crypto markets right now are the times we look back on next year when new money comes in and says to us "you got in early so you're lucky", and we all sigh and say "let me tell you a story about watching my portfolio drop 10s of thousands of dollars"
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@Trader_M4tt
Matt
5 years
Day Trading bitcoin? Here's a bit of advice Hopefully it helps someone Stop longing bitcoin like it's going to 100k Stop shorting bitcoin like it's going to 3k Focus on level to level
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@Trader_M4tt
Matt
6 years
One of the most difficult things I found when I came on here was not listening to people People talk in absolutes most of the time, especially big accounts. You think they know something that you don't because of how assured they sound Trust your own analysis, always
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@Trader_M4tt
Matt
5 years
I've just posted a new video on my Youtube channel about why I think we're going to have a really bullish week ahead on Bitcoin Any retweets, likes, subscribes, etc are much appreciated Hope you enjoy!
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@Trader_M4tt
Matt
5 years
This chart looks great for a breakout
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@Trader_M4tt
Matt
6 years
Price is fractal There are always logical opportunities to take while price is ranging The setups you see on the higher timeframes you'll see even on the 1 minute or 5 minute chart. They all work the same It's not coincidence. We are literally trading supply and demand
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@Trader_M4tt
Matt
5 years
Looks like altcoins have bottomed for the 250th time this year, judging by this place
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@Trader_M4tt
Matt
5 years
Many people in the world get by on higher education and many people I know have wonderful careers through it Speculating on crypto doesn't make you better than them Stay humble, folks
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@Trader_M4tt
Matt
5 years
Newer traders think that they have to always have an opinion on direction on a chart Start learning to be truthful and say "I don't know", and see how powerful that is Because then, you let the chart do the thinking for you, and then you'll execute your trades better
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@Trader_M4tt
Matt
6 years
The simplest rule I have: Don't long a green candle Don't short a red candle
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@Trader_M4tt
Matt
6 years
Had a good bit of "normie" sentiment today as people at work asked me about Bitcoin, assuring me with 100% confidence that "Bitcoin will never get back to where it was". So assured was one person, he said "trust me" and made a bet 🙂 Sure mate, I only trade it every single day
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@Trader_M4tt
Matt
5 years
A boring life = a successful trading life
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@Trader_M4tt
Matt
5 years
If you want a $50,000 Bitcoin, a $1,000 Bitcoin would be great news for you, if you have the balls to buy that low
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@Trader_M4tt
Matt
5 years
Not the biggest fan of fractals but I'm always interested in price behaviour and sentiment. It's all feeling a bit familiar on Bitcoin at the moment Jan 19 - People waiting for $1,000 Sep 19 - People waiting for $7,000 What if?
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@Trader_M4tt
Matt
6 years
You need to study a lot and spend a lot of time in front of the charts before you realise how simple trading is The downside is that it also takes a lot of failure and constant testing of different methods before you realise how hard it is to keep things simple
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@Trader_M4tt
Matt
5 years
Why I believe the Bitcoin bottom is in - looking at Bitcoin halving events As you can see, around 1 year before the halving, a bottom forms A big move up is seen leading to the one year away date, then a drop to form the ultimate bottom, before this price isn't seen again
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@Trader_M4tt
Matt
5 years
The trader's conundrum: If you spend time away from your computer, your trading account suffers If you spend time at your computer, your personal life suffers
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@Trader_M4tt
Matt
5 years
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@Trader_M4tt
Matt
5 years
Crazy. You're all looking at November 2017 on the weekly to draw comparisons from. Bitcoin is more likely at this point in the cycle
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@Trader_M4tt
Matt
5 years
It's okay for some of you to admit that you haven't got a clue about what Bitcoin is doing instead of updating us every hour with the same chart Me? I've got no idea either. I've got key levels marked - 4650 and 5600 Momentum north seems most likely. I've a plan if it drops
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@Trader_M4tt
Matt
5 years
You can pull money out of the trading markets every day and you can compound that money It baffles me that people have a target for a trade and hold onto 100% of the position after it's been hit Shift focus to respecting money. Profit is profit, especially at your target
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@Trader_M4tt
Matt
5 years
Here's how people buying BTC works See it used to be $20k, now $4k "It's a scam, you'll lose all your money in it" $8k "Yeah I've heard of Bitcoin" $12k "Should I buy some?" $16k "I think I should buy some" $20k+ Finally enters 20k is a HUGE level for mass buying interest
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@Trader_M4tt
Matt
6 years
Here’s a little sobering thought for you if you’re down about how much crypto you own or how much it’s worth, or if you’re down about how much money you have in the bank Your ability to make money is much more valuable than your current net worth. That ability is in your hands
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@Trader_M4tt
Matt
5 years
CT is a bit like clockwork A big rally on BTC and everyone is calling for the end of the bear market and a new alt season No decent follow up on that rally and suddenly people are like "lol why is everyone so bullish?" Patterns in everything
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@Trader_M4tt
Matt
6 years
Wrote this back in May about Bitcoin. Thoughts? Prepared to take the opportunity if it presents itself at 1k or are you not touching it?
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@Trader_M4tt
Matt
4 years
The UK mate. Too arrogant to believe that a virus that is killing thousands in Asia is gonna have much of an affect. Just a flu, bro. A couple of newspaper headlines later and the country's almost sold out of soap and TOILET PAPER. Plus we can't spell. Pride of Europe
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Matt
5 years
You shouldn't judge your performance in trading by the outcome of a trade. You aren't in control of the outcome Judge yourself on the quality and effectiveness of your decision making. That's the only thing that you can control
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@Trader_M4tt
Matt
5 years
People on here acting like anyone who is shorting BTC this week is doing so at the bottom of the rally Key resistance ✅ Decreasing rallies ✅ Top of the range ✅ Lower high ✅ Familiar patterns ✅ Valid strategies, regardless of overall market sentiment are to be traded
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@Trader_M4tt
Matt
6 years
A bit of perspective: Do you remember that 10% rally that you missed out on 6 months ago? No, me neither Have there been 10% rallies since? Yes Will there be 10% rallies in the future? Yes Then why worry about missing, or FOMOing into, the very next move?
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@Trader_M4tt
Matt
5 years
Trading a small trading account
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@Trader_M4tt
Matt
6 years
Successful traders are humble. They learn from their losses and they don't get carried away with their wins That's what I've learned down this path, and now I'm *extraordinarily* humble
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@Trader_M4tt
Matt
5 years
Bitcoin can make you a shit load of money over the next 5 years One of the key tricks, if you are trading it, is to forget that you are an investor in it
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@Trader_M4tt
Matt
5 years
Multiple touches of resistance lead to it weakening Smaller drops after hitting both circled resistance levels (left is higher timeframe supply, right is lower timeframe QM) are one reason why I'm leaning bullish still on Bitcoin
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