Farzad
https://x.com/drakefjustin/status/2107837081313505768?s=46
Some of this is way over my head but I wanted to share, good read
From a bitcoin researcher & works with eth foundation iirc
From a bitcoin researcher & works with eth foundation iirc
GM!
We are technically at pretty good HTF support here on BTC but that quantum fud is actually going around a lot on CT, more than I imagined & not good for the sentiment. It does make me want to short but structure wise I wouldn’t short here.
We usually have fud like this aka USDT/stables fud like once a year even during bulls and everyone freaks out and price goes up and nothing happens and people forget about it, same thing goes here if price goes up sentiment is different when price is green when fud comes out vs red.
Also had huge outflows yesterday too which I’ve mentioned before, tend to mark local bottoms. Just need to see some good price action today to urge me to long or else I will remain patient.
We are technically at pretty good HTF support here on BTC but that quantum fud is actually going around a lot on CT, more than I imagined & not good for the sentiment. It does make me want to short but structure wise I wouldn’t short here.
We usually have fud like this aka USDT/stables fud like once a year even during bulls and everyone freaks out and price goes up and nothing happens and people forget about it, same thing goes here if price goes up sentiment is different when price is green when fud comes out vs red.
Also had huge outflows yesterday too which I’ve mentioned before, tend to mark local bottoms. Just need to see some good price action today to urge me to long or else I will remain patient.
The PYTH DAO approves the 100% Rule, directing all product revenue toward open-market PYTH token buybacks—a threefold increase from the previous one-third framework amid growing revenue.
(few min late)
(few min late)
Still no strength at all, hard to justify any longs. Hope you guys listened and don’t chop yourselves up like this. Some alts like ZEC (was strongest for months) getting decimated today
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Farzad
Also read overnight that Tom Lee announced at Token2049 that he will stop buying at 5% of total ETH and I believe he’s at 4.9%~
This was also free in hindsight
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Leverage
*WHITE HOUSE SEEKS IRAN STRIKE OPTIONS BEFORE MIDTERMS: ATLANTIC
*TRUMP: NOT BE ATTACKING IRAN AT ANY TIME PRIOR TO THE MIDTERM
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China Announces They Will Build A New National Blockchain Network, Alongside A National Integrated Computing Power Network
Weekly Market Recap 10/11 📊
GM boys, not much happened after the move on Thursday, we had a few % mean reversion move back up on BTC, but after that it’s just been boring PA on majors for days now, very boring but expected after such move + weekend etc. Weekly area I attached was basically the top when we closed out original long from 70k’s. In hindsight I would have also shorted or hedged spot when we were at that level since its such a big line in sand for BTC.
TLDR: Just waiting for market structure to develop after Thursday’s mini flush, and so we can see what side BTC wants to trade moving forward.
Besides that nothing much has happened, STRK and a few select alts had some decent moves. I caught a decent move on STRK [Starknet] but also missed a 100%+ move in 2 days (coping) wasn’t confident to share here but looking back at it, was a very easy play. Would recommend you guys to look into it also, it pumped a lot because not only they want to become an L1 coin but also quantum resistant and it lined up well with the BTC quantum fud tweet that I sent the other day. It’s pretty well known now but the weekly chart is still crazy, worth checking.
GM boys, not much happened after the move on Thursday, we had a few % mean reversion move back up on BTC, but after that it’s just been boring PA on majors for days now, very boring but expected after such move + weekend etc. Weekly area I attached was basically the top when we closed out original long from 70k’s. In hindsight I would have also shorted or hedged spot when we were at that level since its such a big line in sand for BTC.
TLDR: Just waiting for market structure to develop after Thursday’s mini flush, and so we can see what side BTC wants to trade moving forward.
Besides that nothing much has happened, STRK and a few select alts had some decent moves. I caught a decent move on STRK [Starknet] but also missed a 100%+ move in 2 days (coping) wasn’t confident to share here but looking back at it, was a very easy play. Would recommend you guys to look into it also, it pumped a lot because not only they want to become an L1 coin but also quantum resistant and it lined up well with the BTC quantum fud tweet that I sent the other day. It’s pretty well known now but the weekly chart is still crazy, worth checking.
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GM
Bank holiday today, not much to really update on. Just looking for some sort of change in market structure. I basically don’t want to trade here unless we make new lows/reclaim 85K or get above the top box on my chart. ETF outflows finally stopped on Friday, really need to see this reverse as well. Still tough enviroment to trade LTFs and if you make money in current market conditions, props.
For me, still gonna wait till something obvious develops, don’t wanna take any shitty trade setups that I’m not confident in whilst BTC PA is gross. Let’s see what comes this week 🫡️️️️️️
Bank holiday today, not much to really update on. Just looking for some sort of change in market structure. I basically don’t want to trade here unless we make new lows/reclaim 85K or get above the top box on my chart. ETF outflows finally stopped on Friday, really need to see this reverse as well. Still tough enviroment to trade LTFs and if you make money in current market conditions, props.
For me, still gonna wait till something obvious develops, don’t wanna take any shitty trade setups that I’m not confident in whilst BTC PA is gross. Let’s see what comes this week 🫡️️️️️️
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GM!
Really good & strong reaction from BTC last night, alts bounced as well but most retraced their moves.
Some Tradfi data that can impact both markets this week:
• Oct 14: US CPI + Core CPI
• Oct 15: US PPI
All released at 8:30 AM EST
Really good & strong reaction from BTC last night, alts bounced as well but most retraced their moves.
Some Tradfi data that can impact both markets this week:
• Oct 14: US CPI + Core CPI
• Oct 15: US PPI
All released at 8:30 AM EST
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U.S. CPI: +3.7% YEAR-OVER-YEAR (EST. +3.6%)
U.S. CORE CPI: +2.6% YEAR-OVER-YEAR (EST. +2.5%)
U.S. CORE CPI: +2.6% YEAR-OVER-YEAR (EST. +2.5%)
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GM!
ETH, SOL, alts look horrible but BTC best of them all, still seems like we’re going lower for now. We got out of longs here at the 86/87K and even tho I don’t really short we haven’t got chopped up in many longs so we’re preserving money for bigger dips.
Memory stocks affecting the entire market rn, good to keep those in mind and long crypto if / when those bounce.
ETH swept its lows and BTC at big support now. So even if you or I was shorting I wouldn’t here, only on bounces.
Compared to stocks, btc is holding very well. If we do get a bounce on them, will long btc and share here
ETH, SOL, alts look horrible but BTC best of them all, still seems like we’re going lower for now. We got out of longs here at the 86/87K and even tho I don’t really short we haven’t got chopped up in many longs so we’re preserving money for bigger dips.
Memory stocks affecting the entire market rn, good to keep those in mind and long crypto if / when those bounce.
ETH swept its lows and BTC at big support now. So even if you or I was shorting I wouldn’t here, only on bounces.
Compared to stocks, btc is holding very well. If we do get a bounce on them, will long btc and share here
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MSCI TO REMOVE MICROSTRATEGY FROM INDEXES FOLLOWING NON-OPERATING COMPANY CONSULTATION: WEBSITE
Weekly Market Recap 10/19 📊
GM! I was traveling this weekend so I couldn’t update yesterday but it basically was boring and choppy PA all weekend. There was all these calls about ‘black monday’ happening today and neither crypto or equities or memory stocks really fell at all.
On the bright side, amidst everything BTC still strong and didn’t make any new lows over the weekend. I’m just waiting for something reasonable to develop and don’t wanna get chopped up trading this where price is currently at.
Also when you zoom out, thinks look much better per usual, on the 3D chart you can see this is just a prime spot to make another Higher Low, basically anything from here down to $75K would be valid for that. Also on the monthy as well, as long as we stay above the area I charted, I’m still bullish overall.
Regarding equities and stocks etc, it’s good to keep in mind because although BTC is giga strong, any dump in tradfi will obviously drag us down, and vice versa if we go up on equities and memory stocks.
GM! I was traveling this weekend so I couldn’t update yesterday but it basically was boring and choppy PA all weekend. There was all these calls about ‘black monday’ happening today and neither crypto or equities or memory stocks really fell at all.
On the bright side, amidst everything BTC still strong and didn’t make any new lows over the weekend. I’m just waiting for something reasonable to develop and don’t wanna get chopped up trading this where price is currently at.
Also when you zoom out, thinks look much better per usual, on the 3D chart you can see this is just a prime spot to make another Higher Low, basically anything from here down to $75K would be valid for that. Also on the monthy as well, as long as we stay above the area I charted, I’m still bullish overall.
Regarding equities and stocks etc, it’s good to keep in mind because although BTC is giga strong, any dump in tradfi will obviously drag us down, and vice versa if we go up on equities and memory stocks.
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