Revolt Profile picture
21 May, 5 tweets, 2 min read
1/ How would I prepare for such a scenario? (no advice) :)

Take profit on a potential bull trap towards 45-53K.

If BTC reclaims 60K this scenario probably will not happen and the bull continues in 2021: you enter back in

#Bitcoin $BTC
2/ If this scenario does happen I expect alts to eventually bleed a lot which means: shopping time when BTC hits around 30K eventually on a potential retest

This scenario is basically what happened after the 2019 mini bull run (but without the COVID crash)

#Bitcoin $BTC
3/ It could very well be that we've broken with the past and that this market has outgrown the regular 4-year cycles

#Bitcoin $BTC
4/ To be clear: this is a potential scenario, I must admit that I'm leaning towards making this my base case with 50-60% probability: a longer (5-12 months) period of ranging

#Bitcoin $BTC
5/ The next 4-8 weeks will show how much strength the market has, after that we know more, take it day by day.

Good night everyone

#Bitcoin $BTC

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Revolt

Revolt Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @RevoltCap

24 May
#bitcoin update May 24th

1/ Alright, looking good so far, long position from 32.5K is doing well and I believe there's a high probability BTC will first move towards 48K vs. making another move lower

#Bitcoin $BTC Image
2/ Lots of stuff still happening in the background, the China situation seems to be more real than previous FUD but there's a good probability that's already priced in and it looks like China is (potentially) buying the dip



#Bitcoin $BTC
3/ With regard to the China situation, @DoveyWan is hosting a live stream with a few people that know more about this situation at 10am EST today, could be worth checking out

#Bitcoin $BTC
Read 8 tweets
23 May
1/ Briefly my take on what's happening right now and why for at least in the short term this could be a good BTD moment (as a short term trade)

Currently, the whole market is tanking even further. Many low cap altcoins are already at -80% from their ATH

#bitcoin $BTC $ETH
2/ I believe we're currently witnessing another form of bear market PTSD

Just like most expected a smooth bull run, now many look to be worried about a potential Q1 2018 bear market meltdown, resulting in heavy profit-taking (or even selling for a loss)

#bitcoin $BTC
3/ It's becoming clearer with the day to me that the market is going to (mostly) do the opposite of the 2017 bull run

#bitcoin $BTC $ETH
Read 8 tweets
21 May
I recommend watching this video, this is history in the making

1/ It feels like yesterday when I watched the 2018 WEB3 summit sessions. Polkadot has been the no.1 project I kept following between 2017 and 2020



@Polkadot $DOT $KSM
2/ It's inspiring to see how far the team has come

In crypto, we often forget how challenging and complex it is to build groundbreaking technology

@Polkadot $DOT $KSM
3/ I still believe @Polkadot has a good shot of becoming one of the leading blockchains in the decades to come

$DOT truly has an innovative design that could potentially leapfrog everything out there and become the layer 0 on which the entire WEB3 stack will be built
Read 4 tweets
20 May
1/ This piece of @AlamedaTrabucco got me thinking and resulted in an important conclusion that changes my view on the market and the framework I use, the puzzle is now coming together.

A thread on why we can't compare 2017 with 2021 and why this is BULLISH 🔥

#Bitcoin $BTC
2/ Yesterdays crash and the same goes for the March 2020 crash, are a new phenomena in crypto.

The driver: a highly leveraged trader market in combination with systemic failure of centralized exchanges

#Bitcoin $BTC
3/ Leveraged crypto trading volume has exploded over the past 3 years, currently accounting for 40-60% of all crypto volume.

#Bitcoin $BTC
Read 24 tweets
19 May
#Bitcoin update May 19th, 2021

1/ The market is going fast, we're at the make or break it level IMO. Exiting stuff 🔥

-4hr bull div still intact
-200 MA touched
-38K $BTC make or break level
-Many inflow and outflow signals
-Lots of fear in the market
-Large hash rate drop
2/ $BTC touched the 200 MA which could function as a support level and at the same time provides a compelling level to go long for institutional players

#Bitcoin $BTC
3/ 4hr bull div is still intact after that 4hr hammer close

#Bitcoin $BTC
Read 12 tweets
18 May
#Bitcoin update May 18th 2021

In this thread:
- Why a bounce is probably imminent
- And why this bull market isn't over

#Bitcoin $BTC
1/ #Bitcoin has printed a large 4hr bull div in oversold territory

Thinking BTC will not have a large bounce (15-20%) is the equivalent of: "This time is different"

So.... no, it's probably not different this time and a large bounce will follow

#Bitcoin $BTC
2/ What happens after that no-one knows, but I'm betting the bull market will resume and am deep in DEC 2021 call options and even low leverage SEP futures (SL 37.4K)

My take: no this is not the macro top, this is the UBER BTD moment

#Bitcoin $BTC
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

:(