Mitchell C pfp

Mitchell C

@macroguy

115 Following
19 Followers
Mitchell C pfp
Mitchell C
@macroguy
Global M2 (black line) has continued to chop, and central banks' Global Net Liquidity (central bank balance sheets, yellow line) are continuing the QT - quantitative tightening. Until this starts to taper off and climb again, the btc market will be choppy. Wen bazookas Janet???
0 reply
0 recast
0 reaction
Mitchell C pfp
Mitchell C
@macroguy
Is anyone facing problems uploading images to their casts? It has been 2 days with no success doing so.
0 reply
0 recast
0 reaction
Mitchell C pfp
Mitchell C
@macroguy
Buys a memecoin with some dust sol. 2 minutes later, sigh...
0 reply
0 recast
0 reaction
Mitchell C pfp
Mitchell C
@macroguy
There has been some speculation that the btc etfs do not drive the btc spot price. Gonna leave this here and let you come up with your own conclusions. 😀
0 reply
0 recast
0 reaction
Mitchell C pfp
Mitchell C
@macroguy
1300 Net #BTC    Flows Today Total ETF Holdings: 842,000 #Bitcoin GBTC will eventually run out of sellers!
0 reply
0 recast
0 reaction
Mitchell C pfp
Mitchell C
@macroguy
It's not enough for me to win. Others must win as well. Higher!
0 reply
0 recast
0 reaction
Mitchell C pfp
Mitchell C
@macroguy
7 days later - update The predicted flush did indeed take out many of the leverage longs, funding rates are low currently on major perp exchanges, and total Market Cap (excluding btc and eth) is creeping back up. Optimistic we break this local ATH soon!
0 reply
0 recast
1 reaction
Mitchell C pfp
Mitchell C
@macroguy
Funding rates (green bars) are low on the biggest perp exchange Binance - meaning traders are not taking much leverage on the long side. This is normally a bullish signal that we are going higher. $75k BTC this week?
0 reply
0 recast
0 reaction
Mitchell C pfp
Mitchell C
@macroguy
A warm Farcaster welcome to @advo!
0 reply
0 recast
2 reactions
Mitchell C pfp
Mitchell C
@macroguy
Gonna be really boring, but if a family member gave me $1M to invest, I would put it all in BTC. All the stars are aligning for a crypto megapump and BTC is the most ossified of them all. Safe bet, with a 2-4x gain imho
0 reply
0 recast
1 reaction
Mitchell C pfp
Mitchell C
@macroguy
Hi, I am new to Warpcast and Degen, still trying to navigate through this. I received a 1000 degen tip 24 hours ago, but I still cant view this on the degen.tips dashboard. Any advice would be appreciated! thanks
1 reply
0 recast
2 reactions
Mitchell C pfp
Mitchell C
@macroguy
If you are into Solana Meme coins, 100% I would recommended Bonk Bot on Telegram. With just a Contract Address (CA) you can buy and sell newly minted coins quickly, before it is even listed on Raydium or Jupiter. Photo below just for illustration, I do not tend to gamble too much with my stack!
0 reply
1 recast
1 reaction
Mitchell C pfp
Mitchell C
@macroguy
What is the fastest horse in this recovery pump? Take note and bet accordingly.
0 reply
0 recast
1 reaction
Mitchell C pfp
Mitchell C
@macroguy
You can argue whether $ENA is the next $LUNA. One thing you can’t is that it’s centralised AF. You gunna deposit into a protocol that takes your assets to a CEX for funding rates? You gotta be shittin’ me. Bull market means ethos and etiquette is forgotten.
0 reply
0 recast
1 reaction
Mitchell C pfp
Mitchell C
@macroguy
Gold is holding up remarkably well against btc - is gold due for a correction or is this a dip buying opportunity for btc? my bet is on the latter.
0 reply
1 recast
2 reactions
Mitchell C pfp
Mitchell C
@macroguy
Looks like one more flush to $65k to take out the leverage longs.
0 reply
0 recast
1 reaction
Mitchell C pfp
Mitchell C
@macroguy
As predicted in the previous cast, a big flush (basically stop loss or liquidation hunting) was executed. The signs were there, namely increasing funding rates across all perp exchanges. This flush is now somewhat complete, where the 100x leverage trades (red bubbles) are flushed. Up only should resume now.
0 reply
0 recast
1 reaction
Mitchell C pfp
Mitchell C
@macroguy
Are you ready for a face-melting crypto alt season? One more big flush by the cartel to rekt leverage longs, then up only! Chart shows total market cap of all crypto, excluding BTC and ETH. Traders use this to anticipate alt szn.
0 reply
0 recast
0 reaction
Mitchell C pfp
Mitchell C
@macroguy
Another clear sign that we are far from mania phase is by examining Google Trend data for the search term "bitcoin" - we are far from the peak of the 2021 bull market, and despite a small spike recently due to Spot ETF approvals, interest has waned somewhat, a positive sign!
0 reply
0 recast
1 reaction
Mitchell C pfp
Mitchell C
@macroguy
Global aggregated liquidity M2 (black line) is a good indicator of real asset appreciation (bitcoin - blue line). Black line go up due to central bank money printers going brrrr.. the correlation isn't perfect, but we can almost guarantee the M2 and hence BTC will pump this year!
1 reply
0 recast
1 reaction