mitsandwits

mitsandwits

Some time ago I realized this insane structure as someone hardly knew about Monero. Yes nothing happened since then. But look at this weekly chart. If you have enough experience with trading you know that this is not a dead chart. I just wanna say "pay attention". Buy and forget. It's cooking. For some reason I don't even know.

mitsandwits

Yep changed my mind. It looks like Bitcoin is about to lose its shit. It's lights out below 58. Overall the structure looks like a classic pump and distribute type of shit. I'm out of crypto already. I don't care about shorts. So probably this was a short visit from me :D

mitsandwits Updated 

A quick recent history of me and DOGE: I pointed out this accumulation-like structure multiple times months ago. I was a firm believer that it was about to do its real move. We had a move that right now looks like a fakeout, unfortunately. Anyway I sold months ago again then I bought some little amounts of dog coins including DOGE luckily at the very dip of this...

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Yeah I'm back with a WIF idea. It's been a long time. I see this terrible downtrend as an opportunity to buy back some dog coins. Technically I won't share much in this idea but this is a chart I'd take opportunities and I believe this is one. So I'm spot buying. It's always a good idea to buy over a period rather than all in at once. This is it for now....

mitsandwits

I think most altcoin macro charts look like shit. Seriously. But Bitcoin? It's interesting. Yes I think new high is needed. What happens after that? Idk who cares. Who plays this game that long anyway. Personally I'll still hold dog coins. Because I like them and I bought low. But I think it's Bitcoin that might create this new impulse, up thrust or...

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.

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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.

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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 ;)

mitsandwits Updated 

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.