Leverage
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Farzad
Moved ETH sl b/e also. Could see us get a small flush today and/or over the weekend with how much ppl leveraged today. So rather be safe on ETH and get a better entry if that does happen.
Theres the flush 🫡

I’m gonna wait for the new week to bid stuff / let this settle. ETH long will probably hit SL at breakeven but that’s fine
Also weirdly seems like NATO & Russia escalations at the same time. Ofc great timing with us going into range highs and both of these things coming back. Will expect increased volatility in the markets with all this coming up again. Will wait and see how futures opens later today based off the news

https://x.com/Telegraph/status/2100979752764928460?s=20
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Amazing weekly closes for both BTC & ETH. ETH long going good now too, pushing for new highs.

Trying to not over-manage the current longs since we’re already in from way lower, especially for BTC. I want to hold in assumption that the bottom was in on Wednesday. Let’s see what this week brings 🫡
Farzad
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GM!

Nearly a +$10,000 move on our BTC LONG 😎

TPing some more here, gg if you tailed me on this
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Farzad
Huge open today for our $HOOD trade, up +12% now 🫡
$HOOD swing long up +16%, still holding that and haven’t TP’d any
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Happy $87K 💸

I did mention 90-93k res but basically this whole area gonna be hard to break, like I do wish we just blow through but hard to imagine after big move already. I’ve tp’d enough of the btc long that we have its up +14% now since 75k so im happy holding the rest of it here still.
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*CME GROUP TO LAUNCH BITCOIN CASH, UNISWAP FUTURES ON OCT. 19: BBG

Missed some good news juicers waking up 30m late 😭
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Farzad
Happy $87K 💸 I did mention 90-93k res but basically this whole area gonna be hard to break, like I do wish we just blow through but hard to imagine after big move already. I’ve tp’d enough of the btc long that we have its up +14% now since 75k so im happy…
GM! Played out as expected, legit posted the post above for the BTC resistance at the pico top lol.

I see we moved barely down and some alts reacted like crazy while others are still very strong (NEAR,XRP, ZEC) to name a few. Near I’ve been scalping the last few days, I have no idea if they cured cancer or what but the chart is insane, privacy narrative as well iirc.

Bull market dips shouldn’t be slow and the fast wicks should be eaten up fast, we’ve barely fell rn but generally speaking that’s how it should be. Looking for more opportunities whilst being in our current positions.
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Farzad
TP’d some of ETH here for a +9% move
Closed rest of eth long, just in btc & hood.
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First decent flush let’s see what happens
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There was a lot of leverage build up for the run up so some of these moves can be deep and big wicks just fyi if you’re leverage knife catching be careful. I’m gonna stay patient here
Farzad
Happy $87K 💸 I did mention 90-93k res but basically this whole area gonna be hard to break, like I do wish we just blow through but hard to imagine after big move already. I’ve tp’d enough of the btc long that we have its up +14% now since 75k so im happy…
Gonna boost my own ego about this post rq. Anyways we tp most longs, I assume most if not all of you hold spot also. I’m not home but trying to look for some longs but i genuinely hate knife catching unless I’m super confident or have a great reason to. Will look better when home
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Healthy dip here non news based. Good to wipe out the extra leverage and always good to see in a bull. Not calling bottom here necessarily rather let the dust settle before opening new things. LTF obviously look bad but zooming out it doesn’t change the HTF picture
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Gonna get back into an ETH LONG here, don’t wanna mess up the BTC long entry

Entry: $2679
SL: $2633 (todays lows)
*US WEIGHS INITIATIVE TO PROMOTE DOLLAR-BACKED STABLECOIN ABROAD
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