mitsandwits

mitsandwits Updated 

I've been in doom mode for quite a while now. But bear market rallies are the best :D Usually they are fast and aggressive. So here is a level of interest for me. I'll be watching it on LTFs for a trade decision.

mitsandwits Updated 

Get out of your echo chamber. If the market rewards one side this consistently, that is a serious trend. Bitcoin chart is bearish. See you at 40k.

mitsandwits Updated 

I've been in doom mode for crypto for the last weeks and shared that I was losing conviction even on dog coins that have been my main focus. Often I emphasize that this is all gambling so never recommend taking too much risk on these. So with this in mind, I share where I'd be interested to bet on WIF again. First time I share an idea before I buy WIF. So this...

mitsandwits Updated 

No idea what this is and not even interested but the "adoption curve" just caught my attention. It might adapt to zero soon. Adding to watchlist to see if something funny happens.

mitsandwits Updated 

I don't have a position in MATIC although I might have one soon. It is just interesting to me as a chart. Bearish argument: It's a really wicked redistribution. Bullish argument: It's something like a bullish rectangle.

mitsandwits Updated 

The only certainty about crypto. It is programmed to go to zero. This is the Coinbase chart. You guys keep crashing the app. Happy days for the OG scammers and the late scammers like Saylor. Blackrock chose to bail them out with retail money, for some reason. Happy days.

mitsandwits Updated 

I am a big fan of big and round things. Spikes to a new high. Comes back into the range. Makes it round. And you won't believe what you see is real. Because you are conditioned to same basic things like: -Neutral funding is good. -Bearish posts are good. -Bad news are good. -Good news are good. ... The list goes on. But when the market turns it turns.

mitsandwits Updated 

Crypto signals you that people are trapped. US disinflation. Mother of all crashes.

mitsandwits Updated 

So I saw on X "Study GCR". I did. The guy is really anti-crypto as one can be. He is getting a lot of attention and this is new. I think he is an important figure to understand the current state of crypto. Specifically crypto twitter is playing the hunter *in the open*. Most don't understand that 2021 was the year *everyone* took the bait(plus governments were...

mitsandwits Updated 

I had to give up on a few spot positions in crypto this week. This dump ruined some good setups. DOGE was a high conviction play for me. Yes, there is a bearish divergence. But have a look at the weekly chart. Did we really have a markup phase to distribute here? It makes little sense to me. Still think DOGE might be in a sophisticated SOS phase. So my position in...

mitsandwits Updated 

I'm big fan of lengthy and clean ranges. Therefore I can't ignore this. You can choose to trade the breakout. But it definitely looks like a cause building for a new uptrend. Btw I just looked at what Ordinals do. I absolutely love it. Lord's work ;)

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Sharing without comment. "The Biggest Loser in the "Magnificent Seven" Could Soar 1,140%, According to Cathie Wood's Ark Invest" And this is the chart. This sweetheart is also predicting Bitcoin is going above $1M.

mitsandwits Updated 

Bitcoin mining: Business born dead They have one disadvantage compared to Bitcoin. Getting pumped with fake dollars. Send them all to zero.

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I think ARB deserves a special idea. Its clean range just got cleaner. I already have a spot bag but risking some more for a short-term trade looks fine to me. NFA :D

mitsandwits Updated 

This had never been on my radar before. Looks pretty cool. I don't like waiting for retest after breakouts like this. I'd rather use it as a stop. So you can DCA, you can just market buy and use the range as a stop imo. Reward is good in any case.

mitsandwits Updated 

It's no secret I am a DOGE bull :D But I don't talk too much about low timeframes because the case for DOGE is on the macro chart. But there is an interesting pattern about it. It plays dead. So the idea is that it plays dead again for 1-2 months.

mitsandwits Updated 

Long time no see with TRX :D I still think this looks bullish. Can't see a distribution like action. Most likely, dalai lama to the highs, a little pullback, big green candles.

mitsandwits Updated 

I'm bullish on SHIB. I like what it does on lower timeframes. I believe it will explode around May or maybe even sooner. Here are my crazy (not so sure if it's crazy enough) targets.