The weekly super trend indicator has always trended for 1+ year in a bear market with an ATR of 2.25 until it flips green.
I think it's absolutely ridiculous and delusional to believe we're at a bottom.
Until we break the super trend indicator which sits at $86K, we're bearish.
$BTC
They rerun the same play every time.
As soon as a lot of shorts enter, spot buying is squeezing them out, driving price even higher.
Funding declines while open interest rises, meaning leveraged shorts are entering the market.
Then spot demand increases, pushing price up and squeezing those shorts.
That’s the whole reason we keep pumping.
Because people keep shorting
BREAKING: Iran says it did not request a ceasefire extension and that "Trump has lost the war and knows he will gain nothing through it," per Tasnim.
Ghalibaf's advisor says the extension "means nothing" as "the losing side cannot dictate terms," adding that the continuation of the blockade is "no different from bombardment" and must be met with a military response.
If Saylor goes under, I think he should just load it all up in one wallet and delete the private key.
Saylor is 61 years old already, just take one for the team and become a legend forever, and create one last bullish catalyst, and spend the last 10-15 years in prison aura farming.
@bariksis Funny how you never see euphoria during real bottoms. More pain to come. This is just a bear rally.
Complacency at resistance = next leg down 😈
For those of you who don't fully grasp the MAGNITUDE of what is happening with STRC and Bitcoin right now... let me spell it out for you.
Strategy has likely already acquired ~4,000 Bitcoin or so in the first half hour of trading today, assuming last week's capture rate above $100.
Let's take that as $302 million in cash.
This is money that NEVER has to be paid back, because it isn't debt.
Take $302 million and apply a 25% CAGR (this is considerably LESS than the Bitcoin Power Law... just to be CONSERVATIVE).
After a decade this is $2.8 BILLION.
For that decade, Saylor has to pay a dividend. It's an 11.5% dividend right now, but it'll probably drop as the perceived risk profile drops the larger the Bitcoin hoard gets.
But remember, just to be CONSERVATIVE, let's keep the 11.5% number. That means over the decade that is $347.3 million in dividend payments.
The dividend amount is FIXED in DEPRECIATING FIAT and the Bitcoin acquired is APPRECIATING.
Over a decade, that is $2.5 BILLION CAPTURED.
From HALF an HOUR of trading.
Saylor is giving the way out to the fixed investors earning 3% by lending to governments that are going insolvent.
This is the biggest pool of capital on EARTH, straight into Bitcoin.
You are early still. But you won't be for long.
It would be a REAL SHAME if the entire world found about this...
THIS IS THE BITCOIN SINGULARITY.
@LP_NXT The market literally doesn't care about anything else other than trump's mouth. Right now dont do what makes sense. Do what trump says. I know its ridiculous and brainless.
The Bearish Breakdown Confirms the Latest Impulse Was Led by Futures
“The market is now exposed to a bearish or corrective phase, with a probable retracement toward the initial impulse area.” – By @oro_crypto
BREAKING🚨: This will remain EPIC 🔥
🇺🇸Trump Today: "We’re now starting clearing out the Strait of Hormuz as a FAVOR to Countries of the World, including CHINA."
🇨🇳 China Yesterday: "But the SOH was already OPEN before the war? You have created a this mess OUT OF NOTHING."🔥👏