xwittear
1.5K posts
xwittear
@xwittear
Intento ser poco objetivo con mis opiniones. Ayer gané un Catán.
Katılım Haziran 2019
1.2K Takip Edilen82 Takipçiler
New week
Short side rotations at least from here become a lot less appetising due to the location
Notice where we bounced from the weekly open thrust down
2024 vwap, Previous month val
New qaurter coming to a close and the bottom end of that is 64 k or so
I will personally be very light with my trades this week
Not going to force anything from here
This is support, and resistance is 69 k
Im going to let things play out before assuming any positions.
Lose the low we put in then new lows on a wick basis are likely
Reclaim 69 k then Bobs your uncle and we look for longs back to the top side of distribution
Cheers
#BTC
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literally didn't move a single thing from the drawing
watch for fomc scam pump maybe over the range of today,
$btc
PermabearXBT | World Record Trader@permabearXBT
at this point because we are not leave the topside gap open you would really want to go straight to 77k, a lot of weakness and 68500 would not hold, it would go straight to the gap at 66600 (devil number) so rather get this over with to 77 and reject there but a rejection here would dump hard and prolong things for a while (nnot ideal) $btc
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Market Breadth
For anyone new to this chart: It measures how many stocks are actually participating in the move across the whole market.
Below 20 means total panic almost every stock is selling off hard. Only a tiny handful are holding the indexes up.
That’s exactly when risk takers step in.
Look at the arrows: every single time this index hit sub 20 in the past it found a bottom.
Massive rallies followed as institutions flooded liquidity back into the market.
This is why sub-20 levels have been some of the most lucrative spots to buy historically.
(current value 36)
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@Timeless_Crypto What was actually holding the SPX? Lots o single stocks down -30%
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No where to hide
No where that is cheap
The glue that has held the market for so long is coming undone
And the selling we have seen thus far has been subdued and controlled
A big fuck you dildo in Tardfi is coming
HOLD THE LINE
TimelessBeing@Timeless_Crypto
Warning signs are seeping in Slowly filling the room You have time to exit You ignore the signs as they are subtle Soon some panic will ensue as issues metastasize into something acute 6400s before new ATHs IMO $SPX
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What a week of vol.
So the intial short on the previous month vwap was spot on
But we held and the moment we started creeping and hugging it again is what led to that secondary impulse
You should have cut shorts straight away on that new event
Lovely to see some upside but this is the big bad boss here
If you didn't take profits, probs wise to sit and observe
Again, we hug the zone like we did earlier in week she might be setting up for a bigger move into the 80s
Observe
#BTC
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@ThinkingBitmex I think buying now, is like buying at 40k last cycle. Which was exactly where you went smoked by LUNA
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Bitcoin is now down 50% off its highs - literally
By definition - the majority of the move is done
I see so many people on CT basically throwing in the towel
Why?
How much lower can we realistically drop? 55k? 50k?
The reality is if we haven't already bottomed we're damn close
In the latter half of 2022, it was hard to say whether 22k or 18k or 15.4k was the bottom, but regardless if you bought those levels and held for a year you were in profit
If you held for two years you had huge returns on capital
The reality is - these are the prices you need to be accumulating at
Ignore emotions, invoke basic mathematics
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Double header of macro data incoming this week.
Monday book performing: ES long working, LUNR swing position building, Gold short hopefully coming into view.
Stream tomorrow for everyone here on X and Youtube, in the lab with @TradingStable members all week otherwise.
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@DonAlt I think monthly support shoud at least provide a bounce
x.com/i/status/20195…
DonAlt@DonAlt
There is the $20k down candle to the face If you're flipping bearish here you're late That doesn't mean you won't make money being bearish, I think downside is possible up till we reach $40k Just means you should secure short profits early
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@xwittear no has visto la billionaire forbes list entonces. Lo que no hay es trillonarios
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If we get a very bloody Monday, my focus will be on 3 assets. S&P 500, Gold, and $HYPE
Those are the assets that are going to bounce the hardest, not the ones that have been constantly under performing and now even worse, have their top holders completely underwater.
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got some questions about the BTC trade.
Basically, I'm still long from 82k, don't see reasons to short or close the trade.
In general, the way I directionally trade any market nowadays is never to set take profits and just trailing stops using simple ATR logic.
It sucks, and I tend to give back a lot of UPnL unless I get a valid short entry.
But every once in a while, I catch a big move this way, which compensates for all the pain.
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This might be one of the quickest 2x into full retrace I've traded in a while
Plan was to buy, wait for bullishness/bearishness into the monthly close and then reasses
Just gonna follow it but bit bummed out I didn't take advantage of the 2x and roundtripped it all
DonAlt@DonAlt
Bought a bunch of Mon at ICO price 0.025 on exchange Targeting 0.1 ish for now Wrong at zero
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Closed my positions from yesterday around breakeven
Expected more strength and I dont like to go from shorting to buying in one go anyway I'll just wait until something super obvious comes up, even if it's higher that would be fine by me
Just gonna enjoy chilling for a bit
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