Mike

Trader since 08
Relative strength, patterns, money flow, rotations, PA.
Tweets are ideas and personal opinion, not recommendations to buy or sell. #crypto #spy

[Mike @GemIsCrypto]

For myself as a reminder :) $btc

[Mike @GemIsCrypto]

@OddStats the more data & info the better, everyone can pick what they want/find useful. :D

[Mike @GemIsCrypto]

@Remzztrades told the same to my trading friends, this week was just horrible on every aspect (i guess outside crypto)

[Esther & Michael @SuperLuckeee]

3 super big events NEXT WEEK:

1. $NVDA earnings on Aug 26 after close.
2. PCE is on August 26 (inflation should be cooler)
3. Jackson Hole meeting Aug 27-29 (Friday is speech)

I'm most interested in these 3:

[TrendSpider @TrendSpider]

Since the start of the AI boom, Nvidia $NVDA has never recorded more than 7 red days in a row.

Today marked day #6.

[OddStats @OddStats]

QQQ after exactly 5 straight negative days during the 0DTE era (updated).

[Mike @GemIsCrypto]

@OddStats I love you, can i have your babies?

[Mike @GemIsCrypto]

@FortuneOptions i have the same experience, today is especially horrible. What the actual F is this PA

[Mike @GemIsCrypto]

very nice market $qqq totally legit :D

[Mike @GemIsCrypto]

@FortuneOptions always think of you when i see vix at 16 ahah

[Mike @GemIsCrypto]

@OddStats i wonder if they would gap it down and recover it if they dropped a nuke. At this point i'm tempted to believe they'd somehow manage to do so. Crooked market

[Mike @GemIsCrypto]

@FortuneOptions what's the rule when they do it both side ? 🤣

[Mike @GemIsCrypto]

@iamdisplacement @edgeful Now show stats of daily close compare to thar 1h candle close 😁 What are those misleading stats...

[@levelsio @levelsio]

I liked this chart so much I had to recreate it

I flipped the axis so that top right is best (tip by @marckohlbrugge and @daniellockyer)

My chart is based on https://t.co/UXK5AFqCaQ data, which for quality of life includes people actually liking the place, climate, healthcare, schools but also air quality

You can also select [ X ] Only places I've been and it checks your travel history and shows you those, in my case, I've barely been to places in the bottom left (high cost, low quality)

https://t.co/pWGAYspFqP

P.S. places at war get a reduced quality of life score on https://t.co/wIvkplS86H as they always have been, doesn't matter who started it, which is why Israel shows as low, without conflict it'd be in the top left (inb4 cancelled)

[Thierry from arvy 🇨🇭 @ThierryBorgeat]

Nothing—and I mean nothing—beats Zurich.

[Mike @GemIsCrypto]

@Kenpolarbears @OddStats

[The Milk Man @MrMilkTrading]

Even though nobody guessed it, I'm sharing it anyway:

Sell one SPX put credit spread per week at the Multi-Day Saty ATR -1 level. That's the whole strategy.

326 backtested trades since May 2020
95.4% win rate
Profit factor 2.48
+$53,328 on a single contract
Max drawdown $4,605
Zero losing years, 2026 is 32 for 32

Everything below, free.

[HB Research @HBResearchX]

The VIX just closed below 15 for the first time after at least 63 consecutive closes at or above 15.

After comparable resets, the S&P 500 was never lower three weeks or twelve months later.
(Small sample, n=12)

[The Long Investor @TheLongInvest]

$CRWV has consolidated for 12 months in this descending wedge

Weakness is not the word I would use but in an accumulation phase, in a standard Wave 2

Price has now bounced from $60 to $110 in 2 weeks which is STRONG

But has broken above the confluence level of the 50 and 200 Day MA's which were aligned at $92

IF the price action breaks above the wedge at $122 and you are short here, you are screwed because this is going back to ATH's next at $186

However, I would not be surprised to see a retest of the $92 level first before the wedge breakout, the run lately has been too strong for me.

Wave 3 target is $310.

[Eliant Capital @eliant_capital]

Barring a disastrous CPI report, we probably start to see some re-leveraging here soon