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Pentoshi 🔺satsdarts lover Profile picture
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15 Dec, 4 tweets, 3 min read
Anyways off for real now. Break time

If everyone is short/flat makes it pretty hard for the market to move down. Remember, price moves down until it finds liquidity, same with up. Price moved forcing participants to act. If it was going to sell off it would have b4 fomc

$BTC

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Pentoshi 🔺satsdarts lover Profile picture
17 Dec
$BTC
See this thread. Super educational. Luck or not I've been fortunate enough to capture the meat of the macro swings up + down

As prev said I always make it into a game. The market always first gives you a warning something is off. Then it gives you 2 chances to get out Image
Here is how I try to gamify the market. Bc it is a game

If you are bullish and you are driving down the field but start to struggle it's shown on the chart as the market goes sideways. You finally have a breakout but price quickly reverses. The other team likely has the ball Image
When price quickly travels through the range and goes back into the previous range. You are now on defense. Now they are driving and you have to know your defense points. It's a game of momentum after all. You have a chance to capture the moves each direction.
Read 4 tweets
Pentoshi 🔺satsdarts lover Profile picture
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
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
Pentoshi 🔺satsdarts lover Profile picture
13 Dec
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
Read 5 tweets
Pentoshi 🔺satsdarts lover Profile picture
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
Pentoshi 🔺satsdarts lover Profile picture
10 Dec
Thread

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.
The same can be said at the bottoms
Read 7 tweets
Pentoshi 🔺satsdarts lover Profile picture
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

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