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After infiltrating the bulls at 46.3k they unknowingly welcome'd in the trojan horse into their city walls. A game of carefully planned deceit into the contested territories were bears could launch a surprise attack on $BTC late bullas. Can they defend 49.2? ImageImageImage
Bulls want to hold 49.2k.

Bears want to defend contested territory and willing to concede territory

Each side will push. I will be bera unless the above is reclaimed and scaling out through that area 😂 risk reward is there
Anyways do what you will with these charts. Someone doesn't understand why I flip bull at 46 and while I'll flip bear around 53. They are just key areas from a market structure perspective and both offer great r/r with minimal risk. Btc can be expensive at 53k but cheap above

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More from @Pentosh1

27 Dec
Okay so going to use this chart for my thesis leading into 2022. $BTC must reclaim 58k simply put. If not then = crab year of PvP trading. I guess my expectations next year are far lower than most people. The common theme is 22 > 21/20. I doubt it.
2021 we clearly had our largest year of on-boarding ever. I don't think it would take a rocket scientist to guess that some of that growth slowed towards the later end of the year. There is a lot to contest with and we have to understand how and why we got here.
Covid, lockdowns, stimulus checks, and unprecedented printing was the most bullish thing that ever happened to this asset class. Covid, lockdowns, and stimulus checks while people are at home likely won't be repeated in 2022 but supply of cryptos has increased 10 fold
Read 14 tweets
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
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
22 Dec
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)
Read 4 tweets
22 Dec
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

Examples from the past:
Obviously went way further than expected

Read 5 tweets
17 Dec
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
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

Read 4 tweets

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