Bəˈlɑkeɪ

NBFI STRESS + CRYPTO + AI/DATA CENTER TRADE + LIQUIDITY CRUNCH + GEOPOLITICAL TENSIONS = ?

[Bəˈlɑkeɪ @Blkeque89]

Looks like a bullish wedge forming for $BTC

Target resistance $63.5k - $64k. Hourly RSI will matter as well (should be above 70 at that price). A hold above opens up a break towards strong resistance in the $66.3k - $67.3k range…

I still think $68k - $71k range is the top

Current thesis
$83k was top of corrective B wave

We just started final C wave down (with most recent drop below $60k marking an (a) wave)

If we can push high $60k’s - $71k it should confirm corrective (b) wave before massive sell off to sub $50k

BIG question will be whether we see a 3 or 5 wave move (still a chance $83k was top of (a) wave of larger corrective B wave with the sell off we just saw being a corrective (b) wave within that… if so, this is start of final (c) wave that could send $BTC into $90k’s+… but with @Strategy in the mix, I just don’t see that being the case)🍻

[Bəˈlɑkeɪ @Blkeque89]

@comic Thanks for the space, gonna hang with the wife, y’all have a good night 🍻

[Bəˈlɑkeɪ @Blkeque89]

The hellscape needs to pay more respect to @0xTimB1

He’s a true believer and defender of Digital Credit ✊

[Bəˈlɑkeɪ @Blkeque89]

https://t.co/XFBVqvVBa9

[Bəˈlɑkeɪ @Blkeque89]

@0xTimB1

[Bəˈlɑkeɪ @Blkeque89]

https://t.co/XFBVqvVBa9

[Bəˈlɑkeɪ @Blkeque89]

@RhoRider 💯💯💯

[Bəˈlɑkeɪ @Blkeque89]

@NotWEEDS1234 @hgxengineering 😂

[Bəˈlɑkeɪ @Blkeque89]

@OrdinalTweets 😂

[Bəˈlɑkeɪ @Blkeque89]

@Pregory1 @thebdakid 😂

@A5T3R0lD is the ambient noise ASMR king

[Bəˈlɑkeɪ @Blkeque89]

@shrugit_ 💯

[Bəˈlɑkeɪ @Blkeque89]

@comic 💯

If $BTC goes up from here, they have a real chance to reset… however, if there is a material correction in the risk asset market, the common will collapse below $90 (don’t forget about msci & Nasdaq risk)

[Bəˈlɑkeɪ @Blkeque89]

Again, they are going to continue to sell $BTC & $MSTR ATMs until all convert debt is covered + 1 year rolling dividend coverage

The $MSTR cucks will continue to LOVE it, because that’s what cucks do:

They sit back, watch their value get destroyed, smile, and ask for more 🍻

https://t.co/mLx98ylo9K

[Bəˈlɑkeɪ @Blkeque89]

Was @Strategy smart enough to have maxed out $MSTR ATMs & $BTC sales (to get as close to 100% debt coverage + 1 year USD reserve for preferred cash flow reserve, as possible)?🍻

[Bəˈlɑkeɪ @Blkeque89]

Sounds like you’re trading it (aggressively)… that’s not cuck behavior, that’s Degen behavior… I can’t deny I enjoy trading this stock as well… just be careful with the vol decay on the daily levered ETFs … TIGHT trailing stop losses + tranched limit sell orders and you should be fine. Otherwise, penthouse to outhouse in a blink of an eye 🍻

[Bəˈlɑkeɪ @Blkeque89]

@timber001 With some light-skinned girls and some Kelly Rowlands

[Bəˈlɑkeɪ @Blkeque89]

@OHare888 😂😂😂

[Bəˈlɑkeɪ @Blkeque89]

That’s one take…

Another take, is that calling $MSTR bulls cucks IS my most accurate call (and that’s saying something, because I’ve had some amazing calls on this turd).

One could even argue it’s not a personal attack… by definition, the cuck derives pride & pleasure from their position. If anything, I’m an ally, presenting validation and affirmation to their chosen identity ✊

[Bəˈlɑkeɪ @Blkeque89]

😂… honestly, that’s pretty funny 🍻

No, I changed it because some of the more “conflicted” individuals on X were indicating they were attempting to find out who I was IRL… thought it best to switch things up to increase anonymity moving forward (might be too late, but worth a try)

[Bəˈlɑkeɪ @Blkeque89]

$BTC

Again, initial Bear scenario (red) has been invalidated.

Waiting to see if $80k resistance holds + strong break below $78.5k to update NEW Bear scenario.

Bull scenario (green) stays validated. 🍻

[Bəˈlɑkeɪ @Blkeque89]

Looks like a bullish wedge forming for $BTC

Target resistance $63.5k - $64k. Hourly RSI will matter as well (should be above 70 at that price). A hold above opens up a break towards strong resistance in the $66.3k - $67.3k range…

I still think $68k - $71k range is the top

Current thesis
$83k was top of corrective B wave

We just started final C wave down (with most recent drop below $60k marking an (a) wave)

If we can push high $60k’s - $71k it should confirm corrective (b) wave before massive sell off to sub $50k

BIG question will be whether we see a 3 or 5 wave move (still a chance $83k was top of (a) wave of larger corrective B wave with the sell off we just saw being a corrective (b) wave within that… if so, this is start of final (c) wave that could send $BTC into $90k’s+… but with @Strategy in the mix, I just don’t see that being the case)🍻

[Bəˈlɑkeɪ @Blkeque89]

Hot speculative take (that I’ve posited for a while) about @Strategy $MSTR:

MSCI told them, behind closed doors, that they would face passive investment criteria exclusion if they didn’t pay off/set up enough cash reserves to cover all their convertible debt

If true, I expect them to continue to issue $MSTR ATMs until all their debt is covered + continued to sales of $BTC to cover corporate cash flow needs/obligations of preferred dividends (+1 year rolling reserves)

Again, @strategy is facing a liquidity crisis (this explains their actions and shifting narrative over the last few quarters)

Junk spreads keep widening + Private Credit stress continues to worsen (ie credit cycle turning)… this does NOT bode well for the junk rated @Strategy $MSTR 🍻

[Bəˈlɑkeɪ @Blkeque89]

@TRUEMC_3

[Bəˈlɑkeɪ @Blkeque89]

$CAT

[Bəˈlɑkeɪ @Blkeque89]

https://t.co/agoRLyaVei