Have started buying back significantly what I've offloaded in $BTC the last month. Will bid down to 42k. I think we could have another 10% down but we'll see what market gives. I am ready

I've also been transparent, and given all my thoughts in an extremely detailed manner :) ImageImage
Going to play the low time frame volatility a bit. Below 42k it's hard to imagine this is a bull market so it's pretty good spot for macro invalidation and little to no risk with most of the downside captured in this meat of the move
Regardless, I think 𝙈𝙊𝙎𝙏 altcoins look terrible on HTF structures. Most look like it will be awhile before they trend again. I think you will get much cheaper prices yet on those. Eth/BTC maybe not. I am always a long term bull, and often a short term bear
I want to stress that I am by no means calling a bottom. I think 42k is on the table. I think there’s a lot of uncertainty on the macro. I have been met short Btc for a month and an realizing those gains
Shaved off some of the buys from yesterday on this rally as expecting volatility tmw. Hoping we still get one last sweep lower below 45 but feels doubtful
$BTC ImageImage

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More from @Pentosh1

15 Dec
Thoughts going into FOMC

Markets are forward looking. Crypto even more so bc it's not under anyone's control. It's the only free market left in the world

The Fed is still adding to it's balance sheet but at a decreased rate. Smart money prepped last month. Slow money this week Image
That's still less buy pressure than we've been seeing, so someone has to pick up the slack. They have been giving warning signs to prepare the market as opposed to shock it and let a little air out of the bubble. I don't expect a rate rise in the next 3 months personally
We should see prices start to stagnate a little when we see the purchasing start to decrease. It took the power of the Fed to push these markets vertical. You remove any amount of that support how much do markets keep going up at this clip?
Read 4 tweets
12 Dec
A few thoughts on $BTC going into new week + lessons from the past week + how we got here and what to look for next week
1. Deviation above ATH
2. Falls to bottom of local range
3. Breakdown

Below 60.7k was huge flag to go/stay short until reclaim now 53k is key w/ confluence
After the nuke expectations should be chop over trend with a retest of 52k-53k and that's what we got. Why bc that was the key spot on the last breakdown. Instead people lose money thinking every candle is the breakout and buy high sell low or get faked out
Over-trading will lose money after a nuke into chop. So you need a clear plan and trigger. Sweep + reclaim trades into demand.

Read 4 tweets
10 Dec

I think $BTC has been pretty easy to trade the last year. It's followed the same blue print. Given all the same warning signs at highs and lows

It has also given 2 chances to get out every time in a downtrend

60.7k remains key
Examples below + thoughts
RT :)
Each trend has started with a long range break of 30+ days of consolidation inside a range, with a break out deviation that then falls back into the previous range.
Read 7 tweets
10 Dec
Arthur Hayes Bera. Wow echoing the similar *concerns* too of the last month

"For those who are deciding whether to allocate more fiat into crypto, it pays to wait. I don’t see money getting any free-er or easier.
Therefore, it pays to sit on the sidelines until the dust settles after a March 2022 or June 2022 Fed rate hike.
Watch out for a puke fest in risk asset prices should the Fed hike, followed by a quick resumption of zero interest rate policy and aggressive bond purchases. When the Fed signals a return to business as usual, then it’s time to back up the truck.
Read 4 tweets
8 Dec
Scrolling through CB, found a 97m cap on CB sub $1. Lowest I have seen. Bought a small position 150k. Don't know the FA etc. good r/r on normie thinking. *A BET* based on cheap/low mc

A month ago I bought one like that, it did 3x. I sold for like 30% smh

$FOX Image
I feel like someone else has the same or similar idea looking at the volume spike the last 3 hours. Although not a lot of chart history to go off so not really a lot of data. On TA or FA. It's jus an idea based off past experience but it doesn't necessarily translate into future Image
To me that is small cap. Anything from 100-200m I consider micro. Yes itd large compared to Uni coins
Read 4 tweets
25 Nov
Every day I get thousands of messages from world leaders, the U.N, and crypto bro enthusiasts about $MC asking why price only goes up. It’s simple mathematics and few understand the tokenomics ponzinomics.

Essentially it’s all an endless positive feedback loop on price
Merit gets 500k in a seed deal for tokens. Prices only funds see not normies. They hit 1 100x = 50m in buy backs. People see number go up. They stake. Float drops. APY goes up = people buy = people stake

See ILV historical PA (same tokenomics) but improved
Essentially MC acts as an ETF for the metaverse and gives people exposure through their Seed deals + farms that then go into buyjng MC for treasury. Their treasury already larger than Sushi etc
Read 4 tweets

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