Sometimes crypto, mostly just a retiree looking for something to kill boredom, with a pile of money

Ace Scott retweeted
Replying to @benjamincowen
And now you're gleefully rubbing it in like the little goblin you are
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Replying to @Romeotpt
Ah yes, your routine weekend Romeo query to make you think actively and not follow the herd, with simple charts and trade ideas used to an advanced setup, easy to spot for the trained eye. A classic Romeo trade here indeed with a close above, close below theorem + CRT (An "Anti-CRT, CRT combo") A candle stick sequence often seen, as you know, close above prior candles high (PCH) = higher prices, close below PCH = lower prices. The former is shown as price headed higher into a high timeframe key level, the latter is a CRT, yet to play out. Entry and execution above and after (the time aspect) and above (the price aspect) the open of the last candle I drew out, incorporating both price and time (ICT price and time), ideally using a local range setup or -Ts as price likes to slow down near the candles open and upon local reversals. Stoploss upon -Ts entry is above CRT candle #2, the one I use to calculate risk, and then moved down after the local range forms a consolidation at range low (the range consolidation retest or RCR) and trades away from it. Target is CRT candle low, and all of this needs to be in context of hitting a high timeframe key level, which is the difference between a CRT working, and not working as consistently. At least according to my testing. Execution in black, half TP at midrange of the second candle printed on the chart, and always leave a runner after hitting the candle low of the second candle on the chart. "If you are wrong, you make money, if you are right, you make a lot of money"
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Replying to @Melt_Dem
No chart = pointless post
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Altcoin market update Our POI still holding ✅still expecting lower Another few days of price action resolved and we're still holding our POI as resistance. Despite popular belief of staying below resistance for a long time, the longer we stay here, actually means the more likely that there is local distribution, not "the more likely it will break" (the latter is rather a local succession of continuation inversions after fake local breakdowns - a post for another day). So still expecting the POI to hold and some downside action as I do believe this is distribution here locally at triangle high. And that does take time. For us, we just exited here from 3x leverage down to under 1x on the challenge account and that took us only one click of a button. But for large capital, that takes days up to weeks or even months. So just wanted to remind you how it's key to be patient here to wait for this to play out. Our largest bids, which would double the leverage of the account, are still waiting in alignment with a triangle low visit here, which I still think is coming. So practicing patience. We're on a fast pace growth of our account, but that will only remain if we keep making the right moves. Deleveraging on this lower high was a good idea, but IMO waiting here for lower is key next, followed by of course, max capitalizing the low that follows after this drop.
Altcoin market update So far, so good ✅ Decent reaction here off triangle high area we drew out yesterday on $TOTAL 3. And so our main plan playing of selling large positions on the lower high, stacking back up on the higher low is playing out. It may seem like an insignificant move, but if you do the maths, the difference between doing nothing (and thinking we continue) versus selling, reloading lower (knowing that this pattern will form, i.e. us forming the plan), allows us to stack up 3x higher because the move down is roughly 3x less. That means if this pattern breaks up and all alts we hold pull a +100% move in the coming weeks, then we reach 20k -> 80k (using 3x leverage) versus 20k -> 40k using 1x leverage and we'll be riding from lower. So numbers explain the significance of timing the market. So that's another way to look at why buying lower not only reduces risk but also increases profits, or both if you choose a middle route which is what I am doing (I aim to get about 2x-2.5x lev at the bottom of this triangle). So yes, we want to load up on a higher low and we mentioned how we don't think it's worth buying into resistance here, despite the fact that buying into resistance has worked a month and a half for us so far, allowing us to double our 10k account in the first place. Yes these conditions are "easy". But local contraction and expansion are still at play. And taking advantage of it both means preventing losses and optimizing gains, by a long shot. Plan is in place, bids on the challenge account are ready, now it just comes down to patient. Patience worth paying.
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Replying to @benjamincowen
Hmm, when I see something I don't agree with on the timeline, then I kindly respond. I do the same thing when I agree with something. I think that's just conducting healthy discussion, personally. Which is the purpose of X, in my view.
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Wanted $10k -> $100k in a year, instead we're on pace to $2.27 mil (world record pace) So it's been one week and we're up 11% on the account in a week time. If that is continued, then in one year, gains could theoretically be: $10k * 1.11 ^ 52 = $2.27 mil., that's 22,700% And that's publicly called, using limits only with full transparency and you have been seeing it so far so you can all confirm. And yes I even have been going to the level of including practical hurdles such as fees and funding rate. And alt season hasn't even started yet. That's not even to say I'm a genius, but just to prove a point that slow and steady wins the race, but also that "slow and steady" in something as lucrative as trading, still means "fast money" over a relatively short period of time. For some perspective, if we continue, then we hit 227x in a year which is in the same ballpark and slightly outpaces the world record in public trading results Larry Williams has set in his prime Robbins cup year (11,376%). And the fact we're using limits only, makes this easy to copy and allows me to claim it being the first time ever something like this has been done on twitter if it happens. I can already see the gurus coming to this post and commenting "well 1 week of consistency isn't the same as 1 year". Despite 99% of them not even having proven 1 week of consistence live themselves and probably not even coming close in their paid groups while I'm here doing it for free, I'll still admit that that claim is true. I'm not claiming we will hit that goal and likely, there will be setbacks along the way and we'll fall short of this, because we can do well for one week, and the consistency aspect of trading is often underestimated. But we researched these conditions coming this time around, very hard for a reason, so that can't be taken away now and it's showing up so far in reality. So even in just one week of consistency, I already hope to have shown what's possible, what to expect and also what not to expect. And I'm also bringing the message that if completed, this challenge beats any public 100x meme coin call (including my own when we found $PEPE at ~7 mil which is still ~1000x above entry). But that's all fairy dust because if at the time the same amount of people got in with the same amount of money as copying this challenge, in such cases, only few actually would get both in and out fully with a 100x gain (liquidity is very limited both for getting in and out). So that proves how trading itself and compounding is far more lucrative both in theory but also in practice, if done right. Hope my rant brings a message. And I hope it continues to go well. Knocking wood.
$10k -> $100k challenge, using limits only $AVAX TP hit, $LTC blastoff + some fresh bids Account balance: 10,365 (+3.65%) Account unrealized: 10,737 (+7.37%) Total leverage active: $8,519/$10,737 = 0.79x Both realized and realized just keep on growing. The challenge is alive, only used limits, no FOMO, pure patience 🤝 $AVAX TP just hit cleanly and $LTC is blasting off. Leverage lower now because TP hitting, slightly below 1 now so would be nice to receive another dip to lever up again. But if not, I won't be complaining, we'll load up on a dip from higher. Because dips are a constant. Updates: Moved up $BONK bids Removed $NEIRO bids Added $LTC ask to close it Keeping $FTM ask Added $LINK bids Reasons: Wanted to hold a runner on $LTC but I'm more than content now and I'll keep $FTM and $AVAX for now as runners as I see more potential in them. $LTC exit plan with asks just above makes sense as it's been a fantastic run on it, about to book just under 400$ if it hits soon (no jynxes). Also slowly moving away from the memes hence removed $NEIRO bids because the funding rates are getting really high. Keeping $BONK because it's been strong, but trying to focus more on guaranteed runners and $LINK is one of them. Chart looks good on HTF's and coming off HTF support. So all in all, these are also signs showing that alt season may be around the corner. No guarantees, but eventually it will happen so might as well already start positioning for it as also the classic alts are already going up and we have been realizing gains on them. That said, we're doing good, all for the world to see with clear and full transparent vision. Speaking about clear vision, as always, my full hand is shown below, all my open positions and limit orders, nothing is hidden, you know the deal. Enjoy.
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Replying to @cz_binance
Yup. We tried to tell em, many times over.
After the strength we've seen, I don't mind being wrong on thinking it was a trap. Looking for a higher low to buy $BTC spot for hopefully the next bullrun. Anything below 21.5 k, I'll take as value.
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Ace Scott retweeted
Jarvis, fumble generational wealth again.
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Feels like they want to change the Algo huh?
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Ace Scott retweeted
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Ace Scott retweeted
We are so back
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Ace Scott retweeted
Based on the engagement rate of your post, I can tell how many people are still sidelined.
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Replying to @Pentosh1
Yup. We had all the metrics in place, it's been a nice ride. Double quarterly length of ranging Retest of midrange Volume-led push on all spot exchanges (exchange bitstamp), and an OI driven move by shorts, not longs. Bags on $BTC up 27%🤝
$BTC spot bags And, we did it! 72k has been hit ✅ You knew my stance, and you have been knowing my stance. So not many words are needed. We bought, posted it on the timeline in live time, and granted the plentiful of bull posts I started posting from 55k, it was very obvious. A crystal clear call. At the time, the talk of the town left and right was mid 40k's, not to shame them, we are all wrong sometimes, but a perfect counternarrative to ad to the thesis. We bought, and now we're up 27%! And that confirms the two wishes we had: 1⃣To get away for the fourth time with buying range low 2⃣To hold spot for longer as this time, the market is very likely to break out on the macro. And I think it's pretty much indisputable now. Not because I don't think it goes higher, but because I've been very heavily positioned and want to rotate this capital into altcoins in later stages in the market. So I'm releasing a second portion of 20% off the position, and leaving the remainder for much higher, as this is in fact, going much higher. The next target I'm looking for is 80k, after a potential local pullback, which will be for buying. Enjoy.
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Replying to @theRealKiyosaki
Yup. 😎 And so our tell-tale signs have fully developed. Back in September, the signal wasn't taken that seriously, but we positioned bigtime, and, it's paying off! A 90% chance, not to be taken likely. Showing its hand. x.com/astronomer_zero/status…
$BTC and #crypto There is a 90.879% chance we moon, very soon In conjunction with the previous post where I dropped a teaser on my thinking that we will break out rather soon, I made another big data analysis deep dive, just now, to not leave you stranded, and show you highly significant data, forming the basis of my stance of why I think it's time to break out to the upside. I have more data in my toolbox to support this, but I'm here to share the most basic and effective one to keep it light-hearted and to the point, easy to understand. My core thesis Indeed the fact that we have been ranging for 6 months is the basis of my thesis. We know and highly believe that markets are subjected to time and time is the strongest actor on price. Those are the fundamentals of Cycle theory and everything is built on it (Gann cycles, Elliot wave theory, Smart Money Concepts, you name it). But of course, 'a range' is not always easy to define, because, which ranges am I talking about, how can we compare this to ranges in the past? Technically, $BTC has been 'ranging' between 20k and 70k for nearly 5 years, with some deviations above and below. But we know there have been bull and bear markets in between which are hard to call 'a range'. So, before continuing, I first need to give a definition of how I defined a range in this analysis, where it begins, and where it ends, because there is a lot of discretion there. Definition of a macro range A range is a period of time of price moving up and down between two price points. Now, I personally limited those two price points to not be more than double from each other. So the move from range high to range low is no larger than a 50% drop. This is an arbitrary choice, but I think you can all agree that the drop from the top in May 2021 to the bottom in June 2021 should not be considered a range anymore, nor the rally from the low in June 2021 to the high in November 2021 either. Respective high-low differences are a -55% and -58% drop. So that is where I draw the line. And I also think we can all agree that the drop from the June 2019 highs to the covid crash lows are also not part of the same range, but instead an entire bear market on its own. All other price boundaries are indeed ranges. Next, I need to define when the range begins and ends. And with the number one theorem to define ranges: the midrange theorem, that is quite easy: 'a range begins and ends when it visits the midrange point for the first and the last time'. That's IMO very intuitive as, when you expect the price no longer to return to the midpoint, it also won't continue to range lows (if a breakout is coming) or range highs (if a breakdown is coming). So that definition also allows you to position at the midrange (the classic midrange consolidation) before breaking out or breaking down. In other words, this definition not only defines the range cleanly, it also is great for execution. And the cherry on the cake, this definition also automatically causes at least a 50% drop or 100% pump after a breakout by the nature of my definition. (otherwise, I would still count it under the same range). So now we have a proper definition and I can analyze what history has done and how long #bitcoin likes to range. Core data analysis & results So I chose to analyze from the moment CME group started trading, which is around the peak of 2017. I could go earlier but the CME cutoff suits a nice chart, price beforehand was rather naturally driven, and it's the first time 'boomers' stepped foot in the $BTC market. I could include even more data, but it doesn't change much to the thesis and as you will see, this is already very significant. Using our definition pointed out, I detected 18 ranges (excluding the one forming currently). A nice amount of data points that falls within the acceptability of our type of deep dive data analyses. All 18 ranges are marked in the purple box, with the lengths and widths defined as per definition. By the cleanliness of the chart, it clearly shows IMO how clean the definition is. And now we can do our statistical analysis: ➡️The average duration of a range is 14.7 weeks ➡️The standard deviation is 10.4 weeks Our current range has been lasting for 29 weeks, but tomorrow that will be 30. So, based on our definition and assuming a normal distribution (which is pretty normal as many things in nature follow a normal distribution, financial markets are no exception), The chance that price no longer revisits the current midrange after tomorrow (60.2k) = 90.879% This chance increases every week (time is on our side) For example, the chance that price no longer revisits the current midrange in 3 weeks = 93.790% Those percentages make sense, because out of 18 times, only once has the range exceeded the current standing duration, which was during the bottom range from June 2022 to Feb 2023. And (1-1/18) = 94.4%, which is in a similar ballpark. Conclusion Now, you know my stance of why I think this range will break up and not break down already as I've posted 3 highly reliable data analyses on that. On top, we have Q4 coming up and although it is meme-d a lot, it would be very unusual to have both October, November ánd December to be bearish, which is what you expect if you think this breaks down because if it turns down it will also be to break away from this range for the same reasons I just posted, truly a double edged sword. One that I indeed believe will be in our favor. So now you you know both the direction I expect this range to break and a time, and the latter may be running out very soon. We've been patient on waiting to position for a breakout and we have indeed been using the mindset to trade the range, but I have been promising you that, after buying the cycle bottom, I would start buying again heading into Q4 of 2024 for the second time this cycle for a breakout and hold for a significantly longer amount of time. Will you?
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Replying to @Trader_XO
Yup, we're in there 😎 Sniped the absolute bottom live on the timeline. And here we are, up 3x not days later. Followers printing. Nuff said.
$GOAT And... we did it! Up 3x from our original, publicly called entry ✅ Storyline is pretty simple here. We planned to bid $0.2, it came, we posted as we entered, and we won! Bigtime. And in a short time. We've been patient... But not too patient, as this didn't take too long to hit high targets. Plan was to catch a short term move from $0.2 up to $1, as I did expect this first big rally to top out 1$+. And that's exactly what we're seeing so far. Up 3x on positions. Taking off another 20% 💸💸 Final target is just above 1 billion dollars where I indeed still expect it to top for longer and most likely we get another chance to buy sub 200 million. Either way, doesn't matter. More than happy with the gains on this so far. Indeed a great coin.
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$BTC Pullback in play ✅ So pretty much playing out as laid out, the time of posting plan for a pullback happened to be the exact top as I was confident in the timing of it happening. Now all we need is a sweep of that local low. If that's not given, then I'd look for the lower zone and bid aggressively. But as per usual with these pullbacks, I prefer the upper zone to be tapped only. So far so good. #BTC
$BTC Will there be pullbacks? Of course. But possibly, they won't be significant enough and for me not worth taking a short for. On the chart below, possible scenario for a pullback as we're reaching local euphoria here, I see this play out. So you could wait that out. If you're still feeling FOMO, just found out about my page and thus didn't have the opportunity to buy a lot lower back when we made each and every post to buy big, there is always the option to buy a minority small/partially, right here, right now, just to kill FOMO, and start scaling the rest on the projected pullback (NFA).
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$ETH Spot Bags Up 13%✅ Can't believe how $ETH is actually looking good now, doing us well after we bought when #ethereum was priced at 2.3k near the lows. Other than that, our #Ethereum updates have been less frequent. We wanted to see a drop post ETF launch when $ETH was at 4k in conjunction with the mmd with $BTC and an early Astro block tap into a high timeframe over under and in conjunction with our $BTC 73k top call at the time. The $ETHBTC 4 year lows also were not set yet at the time, which is also in agreement with our $BTC.D analysis ($ETH is still the second largest #cryptocurrency), showing overall continued weakness of $ETH. So many things were lining up that we indeed needed a spot ETF washout upon news release, which was IMO the best thesis to have at the time because not only was it contrarian ETF itself, but also contrarian "$BTC ETF did well and so will the $ETH ETF". With all technical analysis, timing and sentiment aligning near the 2.1 k lows, I think this has been enough to kill that ETF narrative and we're finally seeing clear forms of "ETH is dead" calls appear again at the time of buying last post right after the drop. And that drop happened at the exact time a double range Gann levels setup formed and sure enough, price held, and our spot positions are now up 13%. Yes, $ETH hasn't moved up as much as $BTC yet and there is a lot of talk of why "$ETH is dead", but that's great continued confluence because it means no one is interested in buying right when we come off our bottom range lows Gann double range setup. We also built positive structure up with this recent leg up and are trading against the volume profile POC. POC also moved up from 2.2 k to 2.6 k which confirms bullish momentum. So I remain with conviction and belief we will trade back in the upper range and hit our targets of 3.3 and 4.1k, followed with fresh ATH's, and if the midrange tag happens past end of November, then most likely time has ran out on $ETHBTC's downside (and $BTC.D's most aggressive upside momentum), which means the positions from 2.3 k likely remain untouched in accordance with our "macro $BTC 90%+ chance breakout thesis" we posted when $BTC was at 63k. So, $ETH requires some more patience than $BTC, but upward direction ends up to be the same IMO and I expect the eventual gain to be larger than $BTC over the coming months for these positions. So I'm not buying any of the #ETH is dead narrative myself.
$ETH Update Bought back big on spot (50%) $ETH has been less interesting to us given we expected a drop post ETF since 4k which had been our target to set the lower high. It wasn't worth a short for me since we were holding shorts on $METIS instead as a safe hedge where $ETH might get violent spikes upon ETF release. So since, $ETH indeed dropped to the 2k's and followed the plan towards setting a bottom in conjunction with our downside expectations on $BTC post FOMC. So, plan on #ethereum is pretty much in full alignment with our plan on #bitcoin to expect a bottoming range here. And because of my high conviction on us indeed bottoming out, I allocated half of spot back into #ETH for the first time since selling near the 4k's. Main thesis and confluences So main thesis is a tap into daily POI into an unusually high volume node + POC as well as the violence of the drop together with high conviction on our $BTC bottom, $ETHBTC bottom. Thesis is supported by the range we mapped out a range fairly pre-emptively after the first drop where we wanted to see a sweep above, followed by a sweep below. Indeed, we exactly saw that succession of sweeps. Range settled itself slightly higher, but the range setup played out as expected into the upper daily POI. Finally, $ETH's weekly cycle is also overdue so should be in very shortly or is already in and the selling volume has decreased to exhaustion in the midst of fear and the plentiful claims on why '$ETH is dead'. Those claims of course coming from a 'price is not going up' standpoint rather than a fundamental stance, which is great for our spot buys here. Plan So due to high conviction and plenty of confluences mentioned above, along with the alignment with #BTC and the plentiful of relative weakness we have seen on #ETH, the wait has been long enough. And I am happy to finally start buying a large chunk of spot back (50%) at this exact price. Yes it might go lower, but more than happy to take a nearly 50% discount and I just think this is at or near the bottom.
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Most of bears will be proved wrong very soon, same as I proved them that their bearish thesis at 18k, 25k, 38k, 48k, 60k and now 68k is more than wrong They will be proven wrong at 87k, 102k, 120k, 150k, 180k, 220k, 340k, 380k..
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Ace Scott retweeted
Uptober is my favorite month
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Ace Scott retweeted
$BTC update Hasn't been too much to say. Uptrend has been strong, a good amount of profits have been taken, n looking to TP more above 70K if market offers. Would prefer no Daily close below 66K~. Optimally push above 70K then punish late longs n those liqs give us fresh entries
$BTC Before and after update on 60K~ swing long ✅
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