Leverage
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GM, looks like second round of talks confirmed to be expected this weekend & Iran side already announced to be there in Islamabad, now we wait for US side + negotiations today into the weekend. Hopefully can finally be done with all this.

BTC still strong but under the same resistance still.
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*TRUMP SAYS WITKOFF AND KUSHNER'S TRIP TO PAKISTAN CANCELLED:FOX: BBG
Sunday Update 4/26

Prices still ranging since last Wednesday and it’s not the worst imo, I’m still in the spot BTC same as before and holding it for hopefully 80+ this week. Don’t even wanna touch on the war stuff since nothing has changed same old dumb headlines daily and weekly. Short term, the higher lows as per the chart is good signs, my bias will change if we lose below the red line I marked out.

I mentioned before how the ceasefire news = giga long but after the first one not holding and it being back and forth now I wouldn’t personally care for any of the headlines like that anymore, market doesn’t either. Any of it is just slop now to read & hear and the price action is more telling.

SPX also still basically at ATHs, idk how (trump crime) but good for us and can’t complain.

Will try and get some trades posted here this upcoming week(s) once I see a setup I’m confident in; the enviro just been awful for the past 1 month+
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Farzad
Sunday Update 4/26 Prices still ranging since last Wednesday and it’s not the worst imo, I’m still in the spot BTC same as before and holding it for hopefully 80+ this week. Don’t even wanna touch on the war stuff since nothing has changed same old dumb headlines…
good morning, broke down under where I mentioned now, not the best look short term but the weekly still looks good imo & has the potential for higher but that can come with dips. I’ll be more cautious if we break under ~75K

Still good things to look forward to:

- US/Iran Deal
- Saylor & STRC giga buying next month (ex dividend date is mid month so can expect pol to pile in to get yield -> vol up -> buy btc
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TRUMP AND OIL COMPANIES DISCUSSED STEPS TO CONTINUE IRAN BLOCKADE FOR MONTHS IF NEEDED -WHITE HOUSE OFFICIAL
Big day today macro wise!

FOMC Meeting
• Rates @ 2PM EST
• JP Presser @ 2:30PM EST

I think it might be Powell’s last one(?)

Also very big tech company earnings come out today after the close: Microsoft, Meta, Google, and Amazon.

The earnings are gonna be more impactful than FOMC imo.
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*CENTCOM HAS PREPARED FOR SHORT WAVE OF STRIKES ON IRAN: AXIOS
*META LAUNCHES STABLECOIN PAYOUTS FOR CREATORS USING STRIPE - THE INFORMATION

*META USES CIRCLE’S STABLECOIN ON SOLANA AND POLYGON BLOCKCHAINS FOR PAYOUTS
FED LEAVES RATES UNCHANGED as expected.
STRC moving back towards par, trading @ $99.75 right now. If this can get back to $100 soon then we will get good Saylor flows back and push us to 80K again.
Reading some things about $PENDLE and it’s correlation with STRC.

TLDR; most of the protocol’s revenue goes back to the holders through buybacks and staking rewards and not just emissions. As STRC usage and TVL grows -> creates more buy pressure on PENDLE and also boosts yield for people staking it. Basically a direct bet on STRC through PENDLE.

I’m going to scale bids on it from here down to $1.40’s with an invalidation at $1.20~
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Farzad
Reading some things about $PENDLE and it’s correlation with STRC. TLDR; most of the protocol’s revenue goes back to the holders through buybacks and staking rewards and not just emissions. As STRC usage and TVL grows -> creates more buy pressure on PENDLE…
Didn’t fill all the way but it’s up +5% so far, looks good for higher. I’m gonna take some off since I sized decent and holding the rest for now 🫡
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TRUMP: US IN POSITIVE DISCUSSIONS WITH IRAN THAT COULD LEAD TO SOMETHING VERY POSITIVE
Farzad
STRC moving back towards par, trading @ $99.75 right now. If this can get back to $100 soon then we will get good Saylor flows back and push us to 80K again.
$80K finally here

Positions update:

BTC spot buys up ~14% now, will update when I TP more

PENDLE long also green, didn’t fill all my bids but holding, still looks good up 6% or so
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DUBAI SHELTER WARNING
gm, looks like some fud about Iran striking US ships overnight, BTC fell a little then US denied, now the dubai warning just came out
Farzad
$80K finally here Positions update: BTC spot buys up ~14% now, will update when I TP more PENDLE long also green, didn’t fill all my bids but holding, still looks good up 6% or so
PENDLE really nice move overnight, up 17% now I’m taking more profit here and I moved stop loss to B/E
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UAE'S FUJAIRAH SAYS FIRE ERUPTS IN PETROLEUM INDUSTRIAL SITE FOLLOWING DRONE ATTACK FROM IRAN
Accidentally closed all of PENDLE while on mobile 🥲

+18% so we’ll take the W

Can stay in if you’d like
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