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Dude 🦩 Profile picture
Dude 🦩
@cryptodude999
Technical Analyst | Trader | Professional Shitposter Tweets are not meant to be investment advice.
4 subscribers
Jun 14, 2022 • 4 tweets • 2 min read
$USOIL $CL Markets left and right have been succumbing to dollar's wrath - except commodities.

Each moves at it's own pace, and I can see a distribution pattern forming here aswell.

My conviction isn't strong and I don't trade Crude but interested in what happens next. Image $USOIL $CL Retracing and selling off today. Adding oil to my list of successful predictions will be great.

Can you see which pattern is possibly forming here? Image
May 25, 2022 • 5 tweets • 2 min read
$BTC To assume price action taking place within this tiny block here has any importance compared to the macro structure is a silly notion.

Bears seized every upside liquidity as an opportunity and will continue to do so. Image Filter the noise.

There really are only one or two key takeaways to keep an eye on within every chart, and most can be summarized with a line or two.

I think I make it look easier than it is, but that's what any expert in their field does. Call it arrogance, don't care. Image
Dec 20, 2021 • 7 tweets • 1 min read
Crypto essentially gave individuals the power to create "value" out of thin air, something only central banks could do until now. Most of us would like to think that FED and Powell were given the levers because of their greater understanding of economics compared to fools like you and I.
Feb 23, 2021 • 10 tweets • 3 min read
Small thread on how I build positions after defining a good range to entry either longs or shorts.

Some do's and don'ts - hope it helps one or two. 1/ Needless to say by now you should never bid your entire account size into one order. This simply locks your hand and disables the possiblity of dollar cost averaging your entry. I'm sure most of us would like to market long the exact top or bottom but this is rarely the case.
Oct 18, 2020 • 9 tweets • 3 min read
$BTC After an extensive crypto market analysis, here are my observations: 95% of alts Bitcoin pair charts look like trash. I'm not interested in longing any alts right now. I'm sure that there are some which will perform well, but I'm not going to waste my time trying to find a needle in a haystack.
Sep 3, 2020 • 7 tweets • 2 min read
Leverage is a scam

A 20% move towards the wrong side of your bet will liquidate your position with 5x lev.

10% with 10x

1% with 100x

This is one of the reason why the crypto markets are so volatile

It is designed to punish the unexperienced and the greedy A smart trader doesn't increase his leverage if he really likes a setup

He increases his position size, never risking liquidation

However, extra capital is not something that most unexperienced beginner traders have.

They want the gains, and they want it fast.
Aug 30, 2019 • 13 tweets • 3 min read
theatlantic.com/ideas/archive/…

I've been forecasting this for years.

If you're under the age of 25, listen to me. Chances are highly likely that you own very little wealth. You probably don't own a house, have very little savings and quite possibly in debt because of college. The economy will slow down. This is inevitable at this point. Wages aren't gonna get better, and jobs will keep on sucking dick.

You have to be smart. You have to invest in yourself. You need to cut unnecessary spendings out of your life.