mitsandwits

mitsandwits Updated 

I've been confused about Bitcoin for the last few weeks. I think this may be the start of a new macro range. For now I can see a move to 37s. It's a buy for short-term. But we need to see the range for the long-term. IMO Bitcoin ranging below 45k isn't a good look for the macro chart.

mitsandwits Updated 

I'm bullish on altcoins generally right now but I believe a strong corrrection is likely for SOL. Shorting is almost always the more risky trade. Especially in these conditions. So...

mitsandwits Updated 

Here is a little idea for the end of this wave. It needs to be quick and scary. Like a true bull run scare.

mitsandwits Updated 

Because you're looking at a very close range. It's not your meme coin to chart it on 4h timeframe or anything. Gold macro is bullish af. I understand the frustration about being a bad inflation hedge since like 2011. But it's our precious shiny metal for thousands of years. Don't be bearish about it. The gold breakout will be epic.

mitsandwits Updated 

I wanna talk about a number that I see everywhere right now. 48k. First I wanna say I am macro bearish on Bitcoin (macro chart). And I'm still net long on crypto. ETH long, BTC short. Because I don't know when the macro turnaround will happen. I can only see it after a big top is already formed. Just stating this because I guess people misunderstand me. Now,...

mitsandwits Updated 

Let me explain it to you in a different technical way. I'm trying to show you a clear change in behavior. You've probably seen hundreds of different comparisons of this uptrend to previous cycles. I bet you haven't seen this that much. Soon you will see headlines like "Bitcoin broke 40k! When ATH?" You have your fundamental reasons too. But read the chart...

mitsandwits

It's just a question. This is my last post on crypto.

mitsandwits Updated 

Look I hate it too. But human greed and irrationality is hell of a thing. So bullish on dogs as well.

mitsandwits Updated 

I think it's a fight between higher timeframe TA vs lower timeframe TA. Do I have to say my favorite? I believe DXY is long-term bullish. Everything on the chart. This doesn't necesarily mean DXY pumps in 2024. It might lag. But this is not a bad chart. Dollar is dying? How about others dying before?

mitsandwits Updated 

Back to basics. I was wrong about my bearish scenario around 40k-43k. First target 58k. Ultimate target new ATH. Beliefs readjusted. You will still get the altcoin mania. After 58k. But if you believe those stupid targets, you will lose everything. Apparently they want everyone in. Again. In the end Saylor and other maxis lose everything. Don't be them.