Mtey

A wannabe cynic trying to make sense of crypto, tech and life paths, occasionally conceding to internal polemics. Laughter & Cries. Smoke & Mirrors.

[Mtey @0xMtey]

@MizerXBT Are you copying me? 🤣

Literally a couple of hours ago:

https://t.co/tDCuSpTMVT

[Mtey @0xMtey]

TP hit for the previous $BTC scalp long ✅

Now looking for a multi set-up to play out, maybe with a sprinkle of hopium, but would be nice if happens.

1) The M pattern on 15m with a measured move to ~76k. Would be interested to jump into a trade from the red box 'Sell zone'

2) On the 1H it would also complete the H&S setup, with its measured move to ~75500

Both of these would ultimately sweep the liquidity we have formed below the current PA in the past few days.

3) Finally, on the larger timeframe, my preferred yellow path remains: 75k-76k consolidation / distribution, break below to the 200EMAs on the Daily and Weekly. Golden pocket of the leg up is ~68500 zone. This doesn't break the macro structure to the upside, gives a nice retest, sweeps the liquidity and primes for a bounce back up...unless some unexpected news come out from the carrot man again on his social media telling his crew "short all crypto" 🤣

So, looking to enter short at 79600-80000 to at least play out the M and H&S patterns for the liquidity.

[Mtey @0xMtey]

@CryptoSavy1 I concur, the plan is there!

https://t.co/tDCuSpTMVT

[Mtey @0xMtey]

TP hit for the previous $BTC scalp long ✅

Now looking for a multi set-up to play out, maybe with a sprinkle of hopium, but would be nice if happens.

1) The M pattern on 15m with a measured move to ~76k. Would be interested to jump into a trade from the red box 'Sell zone'

2) On the 1H it would also complete the H&S setup, with its measured move to ~75500

Both of these would ultimately sweep the liquidity we have formed below the current PA in the past few days.

3) Finally, on the larger timeframe, my preferred yellow path remains: 75k-76k consolidation / distribution, break below to the 200EMAs on the Daily and Weekly. Golden pocket of the leg up is ~68500 zone. This doesn't break the macro structure to the upside, gives a nice retest, sweeps the liquidity and primes for a bounce back up...unless some unexpected news come out from the carrot man again on his social media telling his crew "short all crypto" 🤣

So, looking to enter short at 79600-80000 to at least play out the M and H&S patterns for the liquidity.

[Mtey @0xMtey]

@ChentoTrades Time for a retrace, I concur 🤝
Btw, do you look at 15m or so, or macro only?

https://t.co/otJ0amHdtk

[Mtey @0xMtey]

TP hit for the previous $BTC scalp long ✅

Now looking for a multi set-up to play out, maybe with a sprinkle of hopium, but would be nice if happens.

1) The M pattern on 15m with a measured move to ~76k. Would be interested to jump into a trade from the red box 'Sell zone'

2) On the 1H it would also complete the H&S setup, with its measured move to ~75500

Both of these would ultimately sweep the liquidity we have formed below the current PA in the past few days.

3) Finally, on the larger timeframe, my preferred yellow path remains: 75k-76k consolidation / distribution, break below to the 200EMAs on the Daily and Weekly. Golden pocket of the leg up is ~68500 zone. This doesn't break the macro structure to the upside, gives a nice retest, sweeps the liquidity and primes for a bounce back up...unless some unexpected news come out from the carrot man again on his social media telling his crew "short all crypto" 🤣

So, looking to enter short at 79600-80000 to at least play out the M and H&S patterns for the liquidity.

[Mtey @0xMtey]

@KillaXBT Due for a pullback to grab the liquidity tho https://t.co/otJ0amGFDM

[Mtey @0xMtey]

TP hit for the previous $BTC scalp long ✅

Now looking for a multi set-up to play out, maybe with a sprinkle of hopium, but would be nice if happens.

1) The M pattern on 15m with a measured move to ~76k. Would be interested to jump into a trade from the red box 'Sell zone'

2) On the 1H it would also complete the H&S setup, with its measured move to ~75500

Both of these would ultimately sweep the liquidity we have formed below the current PA in the past few days.

3) Finally, on the larger timeframe, my preferred yellow path remains: 75k-76k consolidation / distribution, break below to the 200EMAs on the Daily and Weekly. Golden pocket of the leg up is ~68500 zone. This doesn't break the macro structure to the upside, gives a nice retest, sweeps the liquidity and primes for a bounce back up...unless some unexpected news come out from the carrot man again on his social media telling his crew "short all crypto" 🤣

So, looking to enter short at 79600-80000 to at least play out the M and H&S patterns for the liquidity.

[Mtey @0xMtey]

TP hit for the previous $BTC scalp long ✅

Now looking for a multi set-up to play out, maybe with a sprinkle of hopium, but would be nice if happens.

1) The M pattern on 15m with a measured move to ~76k. Would be interested to jump into a trade from the red box 'Sell zone'

2) On the 1H it would also complete the H&S setup, with its measured move to ~75500

Both of these would ultimately sweep the liquidity we have formed below the current PA in the past few days.

3) Finally, on the larger timeframe, my preferred yellow path remains: 75k-76k consolidation / distribution, break below to the 200EMAs on the Daily and Weekly. Golden pocket of the leg up is ~68500 zone. This doesn't break the macro structure to the upside, gives a nice retest, sweeps the liquidity and primes for a bounce back up...unless some unexpected news come out from the carrot man again on his social media telling his crew "short all crypto" 🤣

So, looking to enter short at 79600-80000 to at least play out the M and H&S patterns for the liquidity.

[Mtey @0xMtey]

New week - new me!

Expectidly, after that crazy pump we had last week, the liquidity calmed down again and the weekend was rather uneventful.

Two images - micro and macro view of what I am expecting on $BTC, let's break it down.

1) Expecting a measured move to play out to ~78900 on the lower timeframe. If we renew the high with an SFP too - a clear short signal, ez

2) Macro view - expecting a retest of this pump, the question is where to. Macro VAH at ~73400 is the first line of support to observe. If we break below it, then Daily and Weekly 200 EMAs are also worth keeping an eye on, ~71700 and ~68300 (at the time of writing, moving targets).

3) Wintermute and some other funds are currently heavily shorting. This could be a pre-positioning before the expected move down OR could be a funding rate farming in addition to their spot bags - essentially a delta neutral short hedge + funding farming.

Overall, longing the top here seems risky AF to me, as there seems to be no liquidity to the upside. Shorting seems a more probable setup here, but ideally I'd like to see a retest of the high before committing to a short.

In the end, it's Monday, would observe how the PA looks like.

[Mtey @0xMtey]

New week - new me!

Expectidly, after that crazy pump we had last week, the liquidity calmed down again and the weekend was rather uneventful.

Two images - micro and macro view of what I am expecting on $BTC, let's break it down.

1) Expecting a measured move to play out to ~78900 on the lower timeframe. If we renew the high with an SFP too - a clear short signal, ez

2) Macro view - expecting a retest of this pump, the question is where to. Macro VAH at ~73400 is the first line of support to observe. If we break below it, then Daily and Weekly 200 EMAs are also worth keeping an eye on, ~71700 and ~68300 (at the time of writing, moving targets).

3) Wintermute and some other funds are currently heavily shorting. This could be a pre-positioning before the expected move down OR could be a funding rate farming in addition to their spot bags - essentially a delta neutral short hedge + funding farming.

Overall, longing the top here seems risky AF to me, as there seems to be no liquidity to the upside. Shorting seems a more probable setup here, but ideally I'd like to see a retest of the high before committing to a short.

In the end, it's Monday, would observe how the PA looks like.

[Mtey @0xMtey]

@Ccgogetablue @Onlyonesirkings But that's exactly what I mean - no setup, just happened to sell off, without any plan or risk management jumping into "all in" and praying for the momentum to continue. A small pullback - rekt immediately, just like a roulette

[Mtey @0xMtey]

@CryptoTony__ @CryptoWizardd @RAFAELA_RIGO_ @randgroup @CJ900X @CryptoMichNL @PostyXBT @AshCrypto @theunipcs @AltcoinSherpa @MacroCRG @Nebraskangooner @IncomeSharks @eliz883 @0xSweep @Jeremybtc @KillaXBT @Rus_Khairullin @WatcherGuru At least 2 are meme degens, not traders

At least 1 is “always right” despite contrary posts, made his fortune off a paid premium, not trading

Care to guess?

[Mtey @0xMtey]

@midrizzy1 And non-friends call you “FAKE TRADER”?

[Scarlett @Scarlett1476896]

Ranking the Funniest News Anchor Bloopers 😂They Tried to Stay Professional 🤣But Couldn't Keep a Straight Face!

[Mtey @0xMtey]

@jeeniuzx He’s not the only one…there thousands of those “gurus” with mobile screenshots of some obnoxious trade

[Mtey @0xMtey]

@Prop_Meter @AnalystPhil Are you delusional?!
He is giving an example about the expected return and risk / reward ration. If you really think he’s sharing a strategy - pls stop trading since you gonna lose your money, guaranteed

[Mtey @0xMtey]

@ShantelSnyman Fake demo BS

[Mtey @0xMtey]

@KryptoFynn Finally a trader and a time-traveller!

[Mtey @0xMtey]

@ThePenguinXBT Like a long-time forecast finally worked out and o wasn’t crazy

[Mtey @0xMtey]

Macro view is always key.

This is proven to me again by finding this green block that I have charted, given that it stretched from the 21 July, I must have marked it before that. Not saying "I knew this all along", but it was definitely in the realm of possibilities and target zones I have marked at some point. And that's a good realization since it means the TA and signs are there, you've just gotta piece it all together and make sense of it.

Waiting for the squeeze to end, then we can start looking into that swing short I've been waiting for the past couple of months now. Because right now the PA is still fueled by momentum, while the liquidity is very much lobsided.

And what happens when there's much liquidity in one direction? It gets filled, acts as a magnet. Just a matter of time for me.

[Mtey @0xMtey]

$1.7 Billion shorts liquidated today, one of the largest liquidation events in crypto history.

Today is essentially the inverse 10/10 Crash all over again - a short squeeze showcase, triggered by the news of the FED looking to buyback 30Y bonds for $4B in the market. Technically, such buybacks give the money back to the market, so it gets re-invested into other assets. That's technically speaking though, because in reality those $4B is pennies, given the trillions marketcap of yield products. However, it is more about the signal that the FED is looking to intervene, should it make sense, rather than the actual 'large pile of cash influx' - so no point to take it at face value.

What's more important is what happens now and what to expect from $BTC in mid and short term and how to get positioned. Macro VAH is still above us, at 72.8k and given the momentum it is reachable. And like I mentioned before, given the low liquidity we've experienced for the past couple of weeks, a violent breakout was due - a lot of money was sidelined and waiting to get deployed.

However, I am currently sitting on my hands, as we are in the middle of nowhere, yet again. Momentum-wise we can go higher. Can we see a pullback directly from here? Sure, we are literally debating with the Bear Market Resistance Band, which does act as a strong resistance during the bear markets. On the other hand - the price can absolutely pop above it during relief rallies too.

So, overall - arguments both pro and against either direction right now.

I personally would love to see 72.8k, for that technical touch of the Macro VAH, get all the bulls excited again, pop above the Bear Market Band as a deviation and then slam dunk to mid 50s. And yes, I am still betting on the time-based capitulation and history repeating itself, so there's that.

[Mtey @0xMtey]

@HLMoonIt Too long to type 🤣
Here, that’s why and what to expect:

https://t.co/gpce7dODZ8

[Mtey @0xMtey]

$1.7 Billion shorts liquidated today, one of the largest liquidation events in crypto history.

Today is essentially the inverse 10/10 Crash all over again - a short squeeze showcase, triggered by the news of the FED looking to buyback 30Y bonds for $4B in the market. Technically, such buybacks give the money back to the market, so it gets re-invested into other assets. That's technically speaking though, because in reality those $4B is pennies, given the trillions marketcap of yield products. However, it is more about the signal that the FED is looking to intervene, should it make sense, rather than the actual 'large pile of cash influx' - so no point to take it at face value.

What's more important is what happens now and what to expect from $BTC in mid and short term and how to get positioned. Macro VAH is still above us, at 72.8k and given the momentum it is reachable. And like I mentioned before, given the low liquidity we've experienced for the past couple of weeks, a violent breakout was due - a lot of money was sidelined and waiting to get deployed.

However, I am currently sitting on my hands, as we are in the middle of nowhere, yet again. Momentum-wise we can go higher. Can we see a pullback directly from here? Sure, we are literally debating with the Bear Market Resistance Band, which does act as a strong resistance during the bear markets. On the other hand - the price can absolutely pop above it during relief rallies too.

So, overall - arguments both pro and against either direction right now.

I personally would love to see 72.8k, for that technical touch of the Macro VAH, get all the bulls excited again, pop above the Bear Market Band as a deviation and then slam dunk to mid 50s. And yes, I am still betting on the time-based capitulation and history repeating itself, so there's that.

[Mtey @0xMtey]

@Rektcaptain007 Ah, somebody knows something!
Macro VAH into swing short? 🤝

https://t.co/gpce7dODZ8

[Mtey @0xMtey]

$1.7 Billion shorts liquidated today, one of the largest liquidation events in crypto history.

Today is essentially the inverse 10/10 Crash all over again - a short squeeze showcase, triggered by the news of the FED looking to buyback 30Y bonds for $4B in the market. Technically, such buybacks give the money back to the market, so it gets re-invested into other assets. That's technically speaking though, because in reality those $4B is pennies, given the trillions marketcap of yield products. However, it is more about the signal that the FED is looking to intervene, should it make sense, rather than the actual 'large pile of cash influx' - so no point to take it at face value.

What's more important is what happens now and what to expect from $BTC in mid and short term and how to get positioned. Macro VAH is still above us, at 72.8k and given the momentum it is reachable. And like I mentioned before, given the low liquidity we've experienced for the past couple of weeks, a violent breakout was due - a lot of money was sidelined and waiting to get deployed.

However, I am currently sitting on my hands, as we are in the middle of nowhere, yet again. Momentum-wise we can go higher. Can we see a pullback directly from here? Sure, we are literally debating with the Bear Market Resistance Band, which does act as a strong resistance during the bear markets. On the other hand - the price can absolutely pop above it during relief rallies too.

So, overall - arguments both pro and against either direction right now.

I personally would love to see 72.8k, for that technical touch of the Macro VAH, get all the bulls excited again, pop above the Bear Market Band as a deviation and then slam dunk to mid 50s. And yes, I am still betting on the time-based capitulation and history repeating itself, so there's that.

[Mtey @0xMtey]

@BrunUChang @0xTDG Join mine? 🤣
It’s free and actually has analysis to explain the logic, not just post factum PnLs