Mizer

Shorted +$4M $BTC Added a $BTC short during today. If you’ve seen my latest posts you know what’s my thesis right now. BTC at resistance with a perps driven move up. OI unwind will make a good flush. Send it to 61k.

Shorted +$4M $BTC Added a $BTC short during today. If you’ve seen my latest posts you know what’s my thesis right now. BTC at resistance with a perps driven move up. OI unwind will make a good flush. Send it to 61k.

Holding my $4M shorts. Still holding my $ETH and $HYPE shorts. Slightly underwater on $ETH but still seeing signs of exhaustion (weak spot buy during the last run), matter of time that we get a dip imo. Slow weekend for now, we’ll see how it goes at open probably.

$BTC update. After the last update $BTC pushed to +64.5k. After that, it quickly dropped back below 64k and has been chopping around the 62-64k range, trying to break that resistance. My idea from the first post remains the same. I think at some point and not too far from now, we see 66-67k. That said, as you can see on my chart price has followed the line I drew almost perfectly, but I’d like to clarify the current point. If you’ve been following my posts you’ll have seen that I’m in shorts, and that’s because I believe the current resistance at 64k on $BTC and 1.8k on $ETH is still not ready to break. I don’t see enough momentum and, in fact, I’m seeing signs that make me think we visit 60k first. That’s why I still believe in continuation towards 66-67k, but only after a move through 60k first.

Added to $ETH short to make it +$4M. Perps driven move so far, still struggling to break resistance. Could spike up but expecting a good dip when the OI cleanse comes.

Holding my $4M shorts. Still holding my $ETH and $HYPE shorts. Slightly underwater on $ETH but still seeing signs of exhaustion (weak spot buy during the last run), matter of time that we get a dip imo. Slow weekend for now, we’ll see how it goes at open probably.

Holding my $4M shorts. Still holding my $ETH and $HYPE shorts. Slightly underwater on $ETH but still seeing signs of exhaustion (weak spot buy during the last run), matter of time that we get a dip imo. Slow weekend for now, we’ll see how it goes at open probably.

60k → 63k As I said in my last post, I decided to remove all the lines to the downside because I was anticipating $BTC price to move higher. We are now sitting at 63k. Yesterday I shared that I opened an $ETH short. I was expecting this market move up and that’s exactly what happened. I think there is still some juice left, at least towards 66-68k, but in my opinion there are already signs of exhaustion that make me think a revisit of 60k is more likely before continuation higher. That’s why I opened my $ETH short, and I will close it once this move down happens, playing out my LTF short scalp idea.

Following the path $ETH. So far what I said I was expecting in my previous post is playing out. As mentioned, $ETH is facing a resistance level that is proving harder to break than many expected. $ETH has made several attempts but so far it has failed. It has pushed above $1,800 multiple times, but has fallen back below each time. Passive selling is still bigger than the buying. I like seeing this for the shorts. Let’s see how it develops.

Holding $ETH $HYPE

Still holding shorts. The market reacted positively to the news of Saylor selling, but I still lean towards a dip. $ETH is currently sitting at a strong resistance level that it should break and hold above for continuation. We’ll see what happens over the next few hours. One of the things that has had the biggest positive impact on my trading over the past few months, helping me reach a 29-0 winrate and making my PNL curve almost only go up, has been having patience with my ideas. During bull markets or clear trends what has worked best for me is being more impulsive with entries and exits, but that is not the case right now. Keeping that same approach during a bear market, where the market moves much slower and is more easily manipulated in the short term due to its lack of liquidity, makes it much harder to get good results if you adopt an impulsive style imo. That’s why what has worked best for me, and the key to my success over the past few weeks has been having patience with my trades. I’ll make a separate post about this, but having an idea with a clear invalidation and respecting it without getting carried away by LTF moves is without a doubt what has worked best for me to keep my cumulative PNL growing. Even if it takes some time, sticking to shorts. I will only close if my invalidation is reached.

Holding my $4M shorts. Still holding my $ETH and $HYPE shorts. Slightly underwater on $ETH but still seeing signs of exhaustion (weak spot buy during the last run), matter of time that we get a dip imo. Slow weekend for now, we’ll see how it goes at open probably.

Holding my $4M shorts. Still holding my $ETH and $HYPE shorts. Slightly underwater on $ETH but still seeing signs of exhaustion (weak spot buy during the last run), matter of time that we get a dip imo. Slow weekend for now, we’ll see how it goes at open probably.

Holding my $4M shorts. Still holding my $ETH and $HYPE shorts. Slightly underwater on $ETH but still seeing signs of exhaustion (weak spot buy during the last run), matter of time that we get a dip imo. Slow weekend for now, we’ll see how it goes at open probably.

Shorted $3.2M $ETH

Ngl I'm liking this in $BTC rn for higher. Reclaimed and holding 60k for now. Still too soon to be sure of a direction but coming back to what I spoke about yesterday, I think there's a high chance we get that 65k tap before going any lower. Deleted the downtrend line for now, I think we go higher LTF. HTF idea is still the same, 44-42k until proven otherwise.

Shorted $3.2M $ETH