Sunday Update 4/19

The spot buys I mentioned around $72K was pretty good timing and we broke out of main resistance at 71-72K for 2 months, now hopefully more consolidation up here before next move up. Unfortunately Iran closed strait again and oil spiked hard and most risk assets retraced a bit from the local top. The last few months with all the Iran x US headlines been very tiresome but hopefully they come to an actually agreement soon. There was some good opps onchain as well last few days ($asteroid rip + other things) but I don’t really do onchain but will send stuff if I see like this.

The one thing I wanna pay attention to more and go balls long on is any dips on STRC, I mentioned last week and how it works. Their buys were at a crazy volume last week, and the risk is way lower vs doing something in defi with small yield, but huge smart contract risk — aka AAVE this past week. The volume itself in STRC is so good for us, as ponzi as it might seem. Imo it just is more of a reason to supress downside in BTC and make it less prominent. On top of that no new war news or headlines is making us actually dump, so where would new sellers come from even with all the fud tweets(?) while the buyers are Saylor/STRC consistently, and I imagine it will just keep growing.

My main invalidation for the current move up & the spot buys I posted would be losing $70K on the weekly timeframe. Still HTF resistance is at $80-82K.