Pistol Pete (@pistol2050) 's Twitter Profile
Pistol Pete

@pistol2050

ID: 723687215121879041

calendar_today23-04-2016 01:37:32

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Pistol Pete (@pistol2050) 's Twitter Profile Photo

$BTC bear market called to the day last night for you all. Whale Distribution is now over bear begins. Full disclosure I got clipped on a few shorts in the distribution range during the bull market trap. I was also a bull since July 2024. Study the chart carefully below.

Pistol Pete (@pistol2050) 's Twitter Profile Photo

$TRX is like one of the best shorts iv ever seen with this bear leg. Its sky high and the last of the meme degens went there so there is loads of Liquidity to rug and panic sell. Its one few alts that hasn't crashed yet and with its previous ATH in 2021. Use low lev high stop

$TRX is like one of the best shorts iv ever seen with this bear leg.

Its sky high and the last of the meme degens went there so there is loads of Liquidity to rug and panic sell.

Its one few alts that hasn't crashed yet and with its previous ATH in 2021.

Use low lev high stop
Pistol Pete (@pistol2050) 's Twitter Profile Photo

That's my idea where we are on Wall Street cheat sheet on $BTC. $65K was complacency rally and current level is Probobly anxiety.

That's my idea where we are on Wall Street cheat sheet on $BTC.

$65K was complacency rally and current level is Probobly anxiety.
Pistol Pete (@pistol2050) 's Twitter Profile Photo

I'd say cut the counter trend long trades on $BTC trend looks very weak now. I thought a bit stop hunting today would be on today but looks unlikely now. Alts look very weak especially TRX

Pistol Pete (@pistol2050) 's Twitter Profile Photo

Ya stay short no counter trend trades are on here was trying 2 small ones last night but trend looking proper bear imo. Short rips from now on.

Pistol Pete (@pistol2050) 's Twitter Profile Photo

$AAVE a right good short here on 4 hour with this bearish divergence and in it's daily supply zone of the range. Its showing up on RSI too the bearish divergence.

$AAVE a right good short here on 4 hour with this bearish divergence and in it's daily supply zone of the range.

Its showing up on RSI too the bearish divergence.
Pistol Pete (@pistol2050) 's Twitter Profile Photo

Your first job as a trader before you even go down to the daily time frame is to establish trend when you look at an asset. This is done by looking at weekly and Monthly. All Bias is removed this way. The market doesn't give a shit about what you think the trend is.