Leverage

Sunday Update 5/10

Weekly chart looks great for our spot buys, when I get triggers like this and higher time frame charts look good I will just hold the spot even longer term because no reason to sell short term when thigns line up well.

On the daily the same resistance I talked about basically like $82-84K should be a sticky area but everything is a good setup for higher after no war headlines affecting us anymore.

Will be dependant on Saylor this week and a few things coming up are: CLARITY act, STRC being at $100, should both help crypto markets on the bullish side of things if they go smoothly. STRC still hasn’t hit $100 in May but I think it will surely this coming week —> more BTC buys.

Also good opps on alt coins but usually I don’t like to take stuff when BTC is at key resistance because the fakeouts and rejections from those can just decimate alt longs right away. PENDLE was a huge W and if anyone still in I’d hold because of the STRC stuff, also $ONDO is similarly related as well.

IRAN REJECTED THE US PROPOSAL: IRIB

gm looks like news of Iran responding to US, focus on ending the war came out overnight

Will post a lil Sunday recap of the week later

the switch up is crazy 🥀

Now he’s even hinting sells

https://x.com/saylor/status/2052394763001761817?s=46

I’m sure most of you saw the Durov <> TON fee reduction news Monday, I was at the gym and it didn’t really move initially on the post but ripped after. That was a easy news long as well that I missed 😔

U.S. and Iran closing in on one-page memo to end war, officials say: Axios
(late, came out at 4am est)

PENDLE up 32% now, if anyone still in I’d hold it for sure, I’m coping for closing and it didn’t really give any dips to re-enter on for me.

step 6 is wild, I assume if/when they do market would overreact for sure but fine after the fact

SAYLOR: WE WILL PROBABLY SELL SOME BITCOIN TO PAY A DIVIDEND JUST TO INOCULATE THE MARKET JUST TO SEND THE MESSAGE THAT WE DID IT

One thing I wanted to say that happens a lot during times like this is:

Price moves -> Narrative follows

in this case $80K being a big level to flip and hold for BTC imo. People will see XYZ price and think “$100K or new ATH soon?” and end up buying. Also happens a lot in alts as well, like PENDLE was good example of this recently.

On the other hand, BTC usually starts all the rallies in crypto majority of the time. If you go back to the 2022 lows, before most alts, even majors like SOL did any significant move, all eyes were on BTC first; and STRC demand this time around plays a factor in that.

h/t TaikiMaeda2

WHITE HOUSE ON LOCKDOWN AFTER SHOTS FIRED

Well that was an awful mistake on my end, it’s up +24% now hope some of you are still in!

(Sources close to Axios reports that Iranian ‘peace rockets’ were launched at the UAE as a way to celebrate the end of the war)

🤣

Accidentally closed all of PENDLE while on mobile 🥲

+18% so we’ll take the W

Can stay in if you’d like

UAE'S FUJAIRAH SAYS FIRE ERUPTS IN PETROLEUM INDUSTRIAL SITE FOLLOWING DRONE ATTACK FROM IRAN

PENDLE really nice move overnight, up 17% now I’m taking more profit here and I moved stop loss to B/E