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Pentoshi 🔺 DM'S ARE SCAMS Profile picture
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22 Dec, 4 tweets, 1 min read
A thread on memes and markets:

First $BTC bears are lulled into selling into passive bids with careful planning
And then boom! Price breaks out in a furry of market orders
What you thought was one thing, (bearish) was another (bullish)
And then they made off with the loot

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More from @Pentosh1

Pentoshi 🔺 DM'S ARE SCAMS Profile picture
23 Dec
Oke. Let's make trading into a game:

Here's how I see it

Right now beras on offense. They take price down to 46k but there was a lot of resting liquidity there = stop price from moving. They begin to close shorts and buy some spot back

Bears become bulls short term like myself Image
They are willing to concede the ground in the middle bc pick up inventory at the lows. The stuff in the middle is where the little fish wrecked.
If truly bear then they don't want to give up the contested area bc it defines market structure. The area where they are willing to concede is the stops to force buying, and up into contested area to sell excess inventory

If bullish than that area becomes support. they buy flip
Read 4 tweets
Pentoshi 🔺 DM'S ARE SCAMS Profile picture
22 Dec
1/5
 $CRV THREAD
Beras simply won't live to tell the story

Do you think that when the soviets were at the gates of Berlin & the the west-front was storming through west-germany: They would be like : lol let's retrace back before going for the kill?

Coiled spring wound tight
Chart. Clean, multi year level with HH + HL compression into vol gap
3/5
Examples from the past:
Obviously went way further than expected

Read 5 tweets
Pentoshi 🔺 DM'S ARE SCAMS 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
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
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 🔺 DM'S ARE SCAMS Profile picture
15 Dec
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
Read 4 tweets
Pentoshi 🔺 DM'S ARE SCAMS 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 🔺 DM'S ARE SCAMS 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

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