MrRenev

MrRenev

There is nothing I enjoy more than smurfing on recruit difficulty. Rolling all over eager noobs, just farming them. 500/0 kdr. No mercy. To know when alts might be about to pop off, to know where you might be in the market you look at easy Bitcoin. This is an idea about alts but no alt analysis makes sense without looking at BTCUSD so we do this first. Bitcoin...

MrRenev

If my idea is not displaying correctly here is a screenshot: I hope this is not too thick to read. An edited video would be better. Or maybe I could make a version with small screenshots rather than 1 big block of text? A little additional explanation if you are interested ==> Part 1: France 2022 elections Frenchies are complaining about "toxic ideas that...

MrRenev Updated 

It is not just because as Buffett said they are not investing but gambling. It is much more ironic than this. Bitcoin has been going not just back to zero but even BELOW zero every time. And people still cheer. Compare this to: Meanwhile the crypto... If it drops they will say they do not care they're in for the long run. And I believe them. If it goes...

MrRenev

For the second time ETH reached parity with gold. The price hesitated a bit, but now we might have broke, might go higher form here. We might not be out of the woods yet but Bitcoin has already done it before so... What happened last time And what happened the time before that Once ETH clears this, there is no resistance, nothing stopping it. Just have...

MrRenev

Diamond hands do not sell. So the price goes up very far and vertically. You also have ridiculously high funding on binance & bitmex. Each time BTC has a bull market sellers regret getting out too early, and new buyers are more convinced BTCUSD will keep going up. Each one has less pullbacks. It repeats itself in cycles. Like these stocks: What the...

MrRenev Updated 

The price collapses when the victims of this unsatiable pyramid scheme least expect it. Isn't it funny how ALL the TA aligns to tell us Bitcoin is going down? Buy or sell, easy decision here. Would you play dice if you risk 10 bucks to play and each time you get a 6 you get 100 bucks? I keep looking but I can't find 1 bear, except Peter Schiff but he doesn't...

MrRenev

The only thing that seems to not react to declarations and events from the USA seem to be their own stock market 😄 Everything else, other countries that have nothing to do with it, just you know, big moves. Money managers worldwide are all invested in everything (MPT diversification). Also crypto does not care and is correlated to the S&P (dumb money throwing cash...

MrRenev

The market prices info in a few days or weeks before it happens (not surprises obviously - only politicians trade those see Nancy Pelosi and Tesla for reference, as well as Hilary Clinton making 10 million percent or something on cattle futures making her the greatest trader of all time). If there is no advantage to predicting things when they are being talked...

MrRenev

For years the IMF has reported that Germany gained an advantage from the Euro valuation, while France gets the short end of the stick. One thing we traders & investors know is that correctly understanding fundamentals does not matter itself, it does not move the price, when it does move the price is when other market participants understand these fundamentals....

MrRenev Updated 

Hello, here I am updating you on the GME short story before anyone else (I got connections). The FINRA updated the numbers. I don't know, maybe this is some kind of error? 226%! It's USO Oil all over again... They're tearing retail to pieces. finra-markets.morningstar.com A whole lot of novices got really excited AFTER Melvin got squeezed. Tried to warn them but...

MrRenev Updated 

I thought BTC would go a bit higher before a correction, but "this cool off is taking longer than expected" got me thinking, as well as people telling how wrong I was to be bearish in March 2020, days before the BTC market capitulated because months later price went up (fun fact: just before BTC crashed 60% some people made fun of me for being wrong because BTCUSD...

MrRenev

If we look at the ETH/USD chart and compare it to BTC (and we could also compare to gold) it seems it just broke free of the previous ath, these past few days it went far up so the ath bagholder breakeven 3-4 weeks are over in my opinion. And now up we go. The media and Bitcoin maximalists have no yet noticed what was happening, they'll speak of it when it goes up...

MrRenev

Here is a list of what impacts the strength of a currency, as well as the impacts this strength has on the currency country(ies). Things are of course more subtle than a simple excel list binary check. For example, some inflation is not automatically bad, it can be the sign of a country economic growth, and as it gets bad the relationship is not linear, inflation...

MrRenev Updated 

ETHUSD is looking a lot like BTCUSD in 2015, as I pointed out more than 2 years ago. It just took way longer to make a bottom and come out of it. And after breaking out of the bottom it went much faster. And it evens out! For Bitcoin bottom to ath took 2 years almost exactly, and for Ethereum it also took 2 years almost exactly! The sky is the limit here, one...

MrRenev Updated 

First let me start by correcting something: people that commented on the squeeze are saying there are still 120% short interest. This is incorrect. The number of loaned shares halved in the last 2 weeks. So I think it is safe to assume the bears closed their positions. But a lot still hold on. We won't get the end of month report for another 10 days, so we'll have...

MrRenev

Yet another degenerate bites the dust. In the markets, there is a once every 100 years 5 sigma event every few months. Some of you may remember the James Cordier of optionsellers dot com emotional apology video, after he got wiped out by a short squeeze on Natural Gas in 2018. I looked into it back then and this guy was an out of the money naked option seller...

MrRenev

> After 3 months of election fraud suspicions/allegations Myanmar military arrested the state leader & president *********************** 2021 off to a good start. Unsurprisingly it has begun. After winning the general elections with 80% of the votes (not counting the fixed 25% the military get) the heads of the ruling party, state leader and president were...

MrRenev

Citadel & Point72 bailed out Melvin Capital which was the GME short selling bagholder, but it does not end here. There are other short sellers. And these stocks, not just GME, but others too, became extremely volatile and on giant volume. So first there is the issue of liquidated funds that do not have immediate cash. They hold positions and would have to unwind...