@Crypt0Entropy

I provide liquidity of digital assets to scared, impatient people. At a later date, I sell the assets back to them at a higher cost.

 aus der Sternenmitte
Joined March 2011
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It's time to post the big-picture look at why this is the bottom & you should be buying bitcoin. It's the same bottom breakdown I analyzed back in Dec '22 & you can see how that played out (see my pinned) Don't screw this cycle up. Buy & walk away for 2 years. Come back happy.
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#BTC Update 🚨 Price is in limbo between support & resistance. If you’re not in a position --> wait. A dip into low $80ks or mid $75ks would be a great buy zone. Not guaranteed, but keep cash ready just in case. Things still look GREAT, big-picture. Keep stacking opportunities
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Just following up on this to close the thread out. All 10 contracts closed now for a net profit of $620 in just 18 days. My Options posts haven't seemed too popular, so I'll just stick to posting big picture outlooks on BTC. #IBIT #BTC
Entropy@Crypt0EntropySep 21
$IBIT 10 contracts @ 10/16 DTE Thesis: Rej@ 49.5 down into 46–47, while holding firmly above 42 At expiry: @ 49+, I get paid $50 for being wrong @ 47, I collect $2.05k Plan to take profit (approx $1,000+) if it hits 47 early Educational purposes only - Do not blindly copy trade
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You can already see how the support level had lots of eager buyers waiting It's normal to feel worried & want to sell when price corrects into support. It's what markets do to people. Having a well-thoughtout plan ahead of time gives you confidence to fight that fear $btc $ibit
Entropy@Crypt0EntropyOct 8
Forget that this is IBIT (the BTC ETF) Just focus on how it correlates to the BTC price. I had this region marked as "likely support" for a reason - it was bound to hit this range. BTC looks fine. Volume looks fine. These are the areas you buy - not fear. $BTC #bitcoin
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Forget that this is IBIT (the BTC ETF) Just focus on how it correlates to the BTC price. I had this region marked as "likely support" for a reason - it was bound to hit this range. BTC looks fine. Volume looks fine. These are the areas you buy - not fear. $BTC #bitcoin
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The #1 thing that confirmed I was actually a good trader? Not taking trades I "wanted" to take. Sticking to the structure, rules, and plan set during non-emotional times is what separates gambling from successful trading. Control your execution, control your outcome
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Forcing a Trade: ❌ Chase price because of FOMO ❌ Use hope as a strategy ❌ Enter before your rules trigger Accepting a Trade: ✅ Letting the setup come to you ✅ Execute a predetermined plan ✅ Treat losses as a cost of business Discipline rewards you Emotion punishes you
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Just as I forsaw. The play takes advantage of a move down, that then rolls around sideways for a bit. Time decay works in my favor. This time next week, it'll (likely) be well into $1k+ profit The Longs provide insurance against an adverse move as the Shorts sit further in profit
Entropy@Crypt0EntropySep 21
$IBIT 10 contracts @ 10/16 DTE Thesis: Rej@ 49.5 down into 46–47, while holding firmly above 42 At expiry: @ 49+, I get paid $50 for being wrong @ 47, I collect $2.05k Plan to take profit (approx $1,000+) if it hits 47 early Educational purposes only - Do not blindly copy trade
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And just like that...you can see how the price has already rejected into the area I wanted it to. If/when price remains in this area, into next week, I start seeing very big, unrealized profit. If it takes off to the upside against my will? I still profit $50. Great setup.
Entropy@Crypt0EntropySep 21
$IBIT 10 contracts @ 10/16 DTE Thesis: Rej@ 49.5 down into 46–47, while holding firmly above 42 At expiry: @ 49+, I get paid $50 for being wrong @ 47, I collect $2.05k Plan to take profit (approx $1,000+) if it hits 47 early Educational purposes only - Do not blindly copy trade
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Price action is playing out just as foreseen. This is healthy. It's all about support & resistance. That's how the game is played. Don't worry, don't fret. This is normal and was expected.
Entropy@Crypt0EntropySep 21
Bitcoin looks great. However, it is coming up against a significant resistance level here. We may see some selloff in this area. It's going to be a battle. My massive spot will remain untouched - I'll likely close my Call contracts though, since Options are a bit trickier.
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Entropy retweeted
Entropy@Crypt0EntropySep 21
To further show the beauty of this setup, you can see how it’s gaining money even though it’s going against my ideal situation. If it is $49 or more (up to infinity), I still make $50 for my time, while ideally it would go back down to around $47 by expiry (10/16) to make $2k.
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$IBIT 10 contracts @ 10/16 DTE Thesis: Rej@ 49.5 down into 46–47, while holding firmly above 42 At expiry: @ 49+, I get paid $50 for being wrong @ 47, I collect $2.05k Plan to take profit (approx $1,000+) if it hits 47 early Educational purposes only - Do not blindly copy trade
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To further show the beauty of this setup, you can see how it’s gaining money even though it’s going against my ideal situation. If it is $49 or more (up to infinity), I still make $50 for my time, while ideally it would go back down to around $47 by expiry (10/16) to make $2k.
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Here's a visualization of how sexy that trade was as it went in my favor. Markets & trading are truly a gift to those who put the time & effort into learning how the market moves.
Entropy@Crypt0EntropySep 17
BTO 9 IBIT 11/20 42/48 Bull Call Spreads $2.48 Debit Swing trade IBIT (btc ETF) controlling 900 shares ($39k position) for $2,232 cash layout • Max Risk: $2,232 • Mid-Term Exit (~3-4 wks @ $48) ~$1,800 profit (~80% ROI) • Expiration Max Profit ($48+) $3,168 profit (142% ROI)
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Sold to Close all 9 of my Calls @ 4.02 for $3,618. $1,386 in profit in less than 4 days. Bitcoin went up approx 11% in that time, but my IBIT (BTC ETF) shares' value went up 61% - that's the power of Options trading. Now I wait & see how the market reacts at this resistance.
Entropy@Crypt0EntropySep 17
BTO 9 IBIT 11/20 42/48 Bull Call Spreads $2.48 Debit Swing trade IBIT (btc ETF) controlling 900 shares ($39k position) for $2,232 cash layout • Max Risk: $2,232 • Mid-Term Exit (~3-4 wks @ $48) ~$1,800 profit (~80% ROI) • Expiration Max Profit ($48+) $3,168 profit (142% ROI)
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Bitcoin looks great. However, it is coming up against a significant resistance level here. We may see some selloff in this area. It's going to be a battle. My massive spot will remain untouched - I'll likely close my Call contracts though, since Options are a bit trickier.
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Did you load up or stay sidelined (again)?
Entropy@Crypt0EntropyJul 6
You've been hearing from me for months that these are the levels to buy in at for long-term, spot holds. Massive divergence on the weekly & below is signaling that these levels won't last much longer. Days, weeks, a month or two? Don't regret not buying another bottom (again)
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The market closed favorably for me. Unrealized net +$810 in 24 hours on a $2,232 play. We'll see how the next few weeks play out on this.
Entropy@Crypt0EntropySep 18
Still very early on, but off to a good start.
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Entropy@Crypt0EntropySep 15
The setup on Bitcoin is looking ready for a strong upside move. My outlook is that price action hits the 80k range, possibly pushing into the low 90ks, within the next 2 weeks.
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For all those on my timeline doubting the Bullish structure/indications at this major support, saying the downside looks imminent - I have no idea what you've been talking about. It's been textbook strong & looks even strong today Volume, RSI bullish div, price action at support
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Still going. Not bad for less than an hour.
Entropy@Crypt0EntropySep 18
Still very early on, but off to a good start.
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