Mike Gentry

1.2K posts

Mike Gentry

@gowithwit

Home Remodeling

Chesterfield, MO Beigetreten Haziran 2009

645 Folgt589 Follower

Mike Gentry@gowithwit·25m

Imagine that! All I heard last week was about insider trading at the White House. Here it's the mullahs yanking everybody's chain.

The Kobeissi Letter@KobeissiLetter

You can't make this up: Iran's Speaker of the Parliament just commented on "vibe-trading" digital crude oil prices and US Treasuries. He concludes with the Bloomberg Terminal command "EUCRBRDT Index GP ." This is the command for Dated Brent oil prices, as shown below. On Friday, $760 million worth of oil shorts were mysteriously placed just 21 minutes before Iran reopened the Strait of Hormuz. What is happening here?

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Mike Gentry@gowithwit·31m

@RoundtableSpace I hope they hurry up and blow the competition away with this.

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0xMarioNawfal@RoundtableSpace·1h

GROK BUILD IS STARTING TO LOOK LIKE XAI’S ANSWER TO CLAUDE CODE AND CODEX. Local and remote modes, desktop control, and a setup that could turn Grok into a real OS level agent.

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Mike Gentry@gowithwit·32m

Best chart on CT from a guy who is always just trying to find the truth.

𝙲𝚘𝚕𝚒𝚗 𝚃𝚊𝚕𝚔𝚜 𝙲𝚛𝚢𝚙𝚝𝚘 🪙@ColinTCrypto

It really was this simple. $BTC For those wondering: I had drawn this white dotted trend line before it reached it and rejected once again, further validating the idea. Once again, a confluence of trend lines proved useful in determining a likely rejection point in advance. I've seen a bunch of similar charts floating around, but using a linear scale on the y-axis instead of log scale. Those charts show a breakout that is incorrect imo. A log chart is the more valid chart to use, due to the long time frame (about 1 year is shown here) of the chart. A bullish bias favors breakouts that don't exist.

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Mike Gentry@gowithwit·37m

@rektcapital Very interesting chart. Thank you.

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Rekt Capital@rektcapital·2d

#BTC Bitcoin continues to cluster underneath the base of the Macro Triangle price broke down from months ago More, Bitcoin is building a multi-month cluster of price action beneath the Triangle, very similar to the 2014 cluster However history suggests price won't be able to reclaim the Macro Triangle (black) and this current cluster will resolve itself via distribution to the downside over time $BTC #Crypto #Bitcoin

Rekt Capital@rektcapital

#BTC Whenever Bitcoin breaks down from its Macro Triangles (black), price tends to retrace until it forms a Bear Market bottom over time But the manner in which Bitcoin does this is different from cycle to cycle In 2018 and 2022 for instance, the Macro Triangle breakdown led to very rapid Bearish Acceleration until the final Bear Market Bottom accumulation period But what we are seeing now is more akin to the 2014 Macro Triangle, where price is consolidating beneath the Triangle base (orange) If Bitcoin continues to mirror 2014 then price could still continue to consolidate a bit more but the base of its current Triangle (~$82500) would be the ceiling for Bitcoin Furthermore, Bitcoin tends to build major consolidation periods on breakdowns from Macro Triangles (orange boxes) In 2018 and 2022, these major consolidation periods developed at Bear Market bottoms Whereas in 2014, Bitcoin built two such periods: just beneath the Macro Triangle it broke down from and then later at its respective Bear Market Bottom If history repeats, this current consolidation period could precede additional Macro Downside over time and the next major consolidation period would develop around the Bear Market Bottom $BTC #Crypto #Bitcoin

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Mike Gentry@gowithwit·15h

@HopiumPapi Shit. I'm late to the party. Was busy this weekend. I'd love to participate and i have plenty of SOL.

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Erik Stevens 🐆@HopiumPapi·2d

I joke around and talk my shit on here to entertain and push people… but on a serious note, I genuinely want to see you win. So I’m doing something different. I’m opening a private group — capped at 50 people — for those who are ready to move with intention and want to 2x+ their portfolio in the next 30 days. Not for everyone. You’ll need at least 5 $SOL to participate. If you’re serious and want in, comment below. I’ll be hand-picking who gets access.

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Mike Gentry@gowithwit·20h

@AlexOCrypt0 Yo Lord, that's why you better be following @RiseOfAlberta Or you could always move to Missouri where the St Louis Blues rule.

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AlexOCrypto🦦@AlexOCrypt0·21h

Wtf really?

wealthmoose@wealthmoose

🚨 🇨🇦 Canada just crossed a line. A.I. is now setting prices based on YOU your income, your habits… even your desperation. Same store. Same product. Different price. Not inflation. Not competition. Algorithmic exploitation. #cdnpoli #AI #Inflation

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Mike Gentry@gowithwit·1d

@NickDrendel Ah, but will you feel that same way if we retrace to 589 this week?

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Nick Drendel@NickDrendel·2d

Two bullshit market theories that I hope we can stop ever discussing after this rally: 1. Gaps have to fill. 2. Low volume rallies can't be trusted. Gaps through key areas (50/200SMA) that don't immediately fill are THE MOST BULLISH, not bearish. Low volume with strong price appreciation means LACK OF SELLERS, not lack of buyers. Anyone who's studied market cycles and have drawn thousands of gaps know this, and after the last two weeks I hope everyone does.

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Mike Gentry@gowithwit·1d

@Sykodelic_ Great post. No emotion. Love the conviction. Hope you are correct.

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Sykodelic 🔪@Sykodelic_·1d

Gone long here on Bitcoin. We have just broken out of a 6 month downtrend, and pushed back above the April 2025 liberation day low. My money is on the fact this isn't a bear flag, and isn't like the previous range. Breaking two key resistance levels just now is not bearish. And yet, everyone is really bearish - funding deeply negative with Coinbase premium still nicely positive. Easy and tight invalidation. Hold above April 2025 low and we're golden for higher. Come trade with me on @BloFin_Official for cheaper fees and deposit bonuses, and hopefully we lock in the 5th win here. Join using the link in the next post.

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Mike Gentry@gowithwit·1d

@Sykodelic_ This is your best ever post. No bull hype, no bear fud. Just a price action read. Absolutely spot on. Thank you.

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Sykodelic 🔪@Sykodelic_·1d

The market is confused. Things have been so bearish that most investors simply dont know what to think here. And this is what always hapens after prolonged periods of down/bottoms. If you are confused, keep it simple. HTF Bullish structure is at $74,400. If we close above that on the weekly, that is good. Expect higher. If we retrace here and close below it, that is bad. Expect lower. I am of the mind that we close above, mainly due to this insane and increasing level of negative funding. Shorts are doubling down on these moves and coinbase premium is staying positive. In addition, if we reclaim HTF bullish structure, it, in my view, confirms a deviation that will lead into continuation. In every down phase Bitcoin has had, once it reclaimed bullish structure, the bottom was in. This is a super important weekly close and the market will tell us what it wants... You dont need to stress or overcomplicate it.

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Mike Gentry@gowithwit·1d

It is pretty funny.

Shikhar@shekhu04

@WatcherGuru why do I always find this funny 🤣

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Mike Gentry@gowithwit·2d

@unusual_whales @LynAldenContact Yeh, it was in the charts. Easy call if you were paying attention. Anybody could have made that trade. I did and I don't know anybody.

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unusual_whales@unusual_whales·2d

BREAKING: Just 20 minutes before Trump's announcement that the Strait of Hormuz was open, massive trades hit the market. Investors sold a combined 7,990 lots of Brent crude futures, a $760 million bet that oil would go down. These orders were much larger than anything else at the time. The traders made huge gains. Unusual.

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Mike Gentry@gowithwit·2d

@FefeDemeny I voted sub 60, but I really don't care. I'm trading price action up and down either way. 1 hr trend with 5 and 15 minute breaks. Killing it today. Shaping up to be my best day of trading ever. TPing heavy at 78,900. Order block, golden pocket.

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Fefe Demeny@FefeDemeny·2d

Where you at? Bitcoin

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Mike Gentry@gowithwit·2d

@DebbieSVA @RapidResponse47 @PressSec You're clueless. That's fake news from USA Today. Just ask any service member you fricking dolt.

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Debbie@DebbieSVA·2d

@RapidResponse47 @PressSec Fuck Trump for treating soldiers like shit 😡

MeidasTouch@MeidasTouch

Families of U.S. service members deployed to the Middle East are raising alarms over food shortages and a complete halt in mail deliveries as the Iran war drags on. Photos shared from ships like the USS Tripoli and USS Abraham Lincoln show small, inadequate meals, while some service members report rationing food and lacking fresh supplies. The image, published in USA Today, is of a recent meal aboard the USS Abraham Lincoln, which has been fighting for months off the coast of Iran. usatoday.com/story/news/pol…

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Rapid Response 47@RapidResponse47·2d

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Mike Gentry@gowithwit·2d

@remarks Yeh, USA Today is straight up propaganda. Don't believe anything they say.

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Remarks@remarks·2d

JUST IN: 🇺🇸 USA Today publishes photos of meals served to US Sailors and Marines on warships deployed to the Middle East.

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Mike Gentry@gowithwit·2d

@KobeissiLetter I'll be the contrarian, I think the emergent markets are going to get slaughtered with their gold purchases this year. The US is about to eat everybody's lunch and dominate the world for the next 20 years.

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The Kobeissi Letter@KobeissiLetter·2d

Global gold demand is being primarily driven by emerging markets: Emerging markets have accounted for 70% of world gold demand over the last 10 years. Greater China alone made up 27% of global demand, the largest portion of any region, followed by India at 21%. As a result, the two countries accounted for nearly half of all global gold demand. By comparison, North America and Europe, including Russia, represented just 11% and 12%, respectively. On the supply side, mine production accounted for 74% of total gold supply, with recycling reflecting the remaining 26%. Africa is the largest gold supply source, at 26%, followed by Asia at 19%, the Commonwealth of Independent States (CIS), Central, and South America at 15% each, and North America at 14%. Emerging markets are fueling the gold rush.

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Mike Gentry@gowithwit·3d

@Sykodelic_ Will be nice. Just need to do it. Then I'll jump in with both feet. Till then, I only have my left little toe in the water.

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Sykodelic 🔪@Sykodelic_·3d

This is what is coming for Bitcoin. This is an expanded flat correction. And they are highly aggressive once they bounce back up into HTF trend after the C wave low. Straight through ATHs like butter, and then simply holding that level. You love to see it. No one expected this because that is what expanded flats do. They trap bears under the break of structure, then squeeze the life out of them which creates the most insane reversal. Everyone is convinced of devastating new lows at that C wave... and the opposite happens. The Expanded Flat is a highly bullish trending pattern that confuses the most amount of people. Bitcoins turn next.

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Mike Gentry@gowithwit·3d

@Sykodelic_ You might be right. All we need to do is start trading above 80k to prove it to the world.

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Sykodelic 🔪@Sykodelic_·3d

This is no longer a bear flag. The duration has gone on for too long now. Previously, after 70 days, Bitcoin was breaking down out of the flag and had tagged fresh lows. Funding was still positive and Coinbase premium deeply negative. Today, after 70 days, Bitcoin is breaking above the 6 months trend and holding it for several days now. Funding is negative and Coinbase premium nicely positive. These are completely different ranges telling you completely different things. The previous one has a very weak base with no real demand. This one has lots of demand and is holding. The fact we have not heavily dropped after rejecting off of the $75k level says a great deal. Bitcoin keeps bouncing back up. It's really looking like we're going to break this range.

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Mike Gentry@gowithwit·3d

@Sykodelic_ You might be right. Hopefully these next few 2D candles break the 5 year descending RSI. We shall see.

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Sykodelic 🔪@Sykodelic_·3d

The bears don't want you to see this. Not only do we have a 1W MACD bullish cross ad break of trend, we have it from the lowest point the MACD has ever dropped to. In addition, during the last range above us, after 70 days, Bitcoin was at new lows. Currently, it is at new weekly highs(pending weekly close). We are at a very important level here, and the weekly close will be very important. But it is shaping up quite well at this moment.