@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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Mike Gentry
1.2K posts
Mike Gentry
@gowithwit
Home Remodeling
Chesterfield, MO Se unió Haziran 2009
645 Siguiendo589 Seguidores
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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@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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@NickDrendel Ah, but will you feel that same way if we retrace to 589 this week?
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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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@Sykodelic_ Great post. No emotion. Love the conviction. Hope you are correct.
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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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@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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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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@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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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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@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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@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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@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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@remarks Yeh, USA Today is straight up propaganda. Don't believe anything they say.
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@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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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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@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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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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@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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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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@Sykodelic_ You might be right. Hopefully these next few 2D candles break the 5 year descending RSI. We shall see.
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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.
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Oil is simply less relevant for the economy than it once was..
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@LynAldenContact They hit us with Legos. We hit them with Tomahawks. Different game.
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I’ve been watching the Iranian rap battle for the past week.
The bad news is they totally rekt us on this one. Hit us in the jugular.
By attacking them, we helped launder their reputation.
The good news is, they’ll never make a better one than this. They already got it out.
Marcel@illnevercallitx
I really don't know which Iran propaganda song is the best as of now but this one has got to be at least top 2. What a banger.
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We likely won't hit them in the meme department as hard as they hit us here.
The attrack surface is there, like how their society has only degraded over five decades, and they were a former empire, but we sadly don't likely have the sophistication to make a good video on that.
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@Elliott_Eldrich @illnevercallitx Have you ever met an Imam that doesn't do little boys? How's that?
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@illnevercallitx "Your government is run by pedophiles
who order you to die for Israel."
What possible response can an honest American give to this statement, other than "yep, you're right on the money there."
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@Sykodelic_ Iam no Guru. I enjoy your posts and appreciate your opinion. However, until we trade above the 50W MA (86,400 today & falling) and break out of this bear flag, I have to assume that we will trade to the low 50's. Possibly 40's. Everything else is just goobly gook.
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Can someone find me a 4 year cycle guru to debate this?
I comment it on many but no one ever replies.
Tag your favourite 4 year cycle guru and let us have a debate on it. 🙂
I want to hear a fully put together argument on how the Bitcoin 4 year cycle is a greater force than the wider macro market I have described below.
Genuinely interested to hear any counters or pieces of data that people think go against this.
All respect and no hate 🙏🏻
Sykodelic 🔪@Sykodelic_
You are being misled. The guys that purely base their entire analysis off of the 4 year cycle are looking at one tiny part of the picture. They do not understand the macro, and they won't even engage with anything like what I'm sharing here, because: 1- They don't understand it 2- They can't argue it When it comes to financial markets there are MUCH larger forces at play than the current Bitcoin candles. It is not just a case of "Bitcoin did this before at this time so now it will do it again". There is a much deeper macro foundation that pushes and pulls Bitcoin, depending on the overall setup. And where we are right now is nothing like any kind of financial bear market. The best barometers for risk are COPPER/GOLD, Russell 2000 & PMI. Every single one of them is perfectly lining up for the ideal risk on conditions. COPPER/GOLD - Bottoming Russell 2000 - Breakout, restest, new ATH PMI - In expansion after the largest contraction And Bitcoin is preparing to do what is has always done in these conditions... Move higher. I have highlighted in red on the chart where the 4 year cycle guys think we are. Now look at the position the other charts are in at that time. COPPER/GOLD - Contracting after expansion Russell 2000 - In a bear market PMI - Contracting after long expnasion The exact opposite conditions of where we are now. Bitcoin does not work in vaccum, it is at the will of wider market forces that are much larger than it. If you only focus on LTF Bitcoin candles, you are missing the bigger picture here. This is nothing like 2022 and I welcome any 4 year cycle bear to challenge this idea... But they won't, cos they can't.
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