Satoshi Sovereign

Day trader calling BTC with macro, not hopium. Policy moves markets. I connect the dots. Follow for day-trade analysis with a mix of politics behind the tape.

[Satoshi Sovereign @BSVonly]

Sheep for the slaughter.

Soon.

[Satoshi Sovereign @BSVonly]

@tschwartz09 Only faggos like you would claim the women are racist while ignoring all the disproportionate black on white crime

Why no coverage of this instead of "monkey noises"?

[End Wokeness @EndWokeness]

4 black teens killed a 15-year-old white boy named Austin Payne this week in Georgia

0 national coverage

[Satoshi Sovereign @BSVonly]

@mattvanswol Mainstream media is enemy # 1

All lies and narrative spinning.

[Satoshi Sovereign @BSVonly]

@colonelhogans So you are a tranny lover?

Thats what I got out of this post...

[Satoshi Sovereign @BSVonly]

@MylesGinvest Dont think so...

[Satoshi Sovereign @BSVonly]

Zooming out is precisely why I'm bearish.

Not only are we in a falling wedge (red lines), but that wedge is also part of an expanding triangle (blue lines). Both share a bottom target of around 52k (great confluence since both are HTF).

Then if you zoom out even further, we are in an even larger expanding triangle (yellow lines) that has an even lower target for next major support of around 28k.

Btw we also just had a textbook expanded flat within the falling wedge which by definition means minimum target is below where wave B began, so sub 58k minimum (image with wave counts).

ALSO, we had a textbook Wyckoff distribution Type 2 formation that we are currently in!

To recap:
1) Falling wedge (52k next major support)
2) Expanding triangle within the falling wedge (52k next major support)
3) Textbook expanded flat within both the falling wedge and expanding triangle (sub 58k target by definition)
4) Wyckoff distribution type 2 (textbook downside still to follow)
5) Larger expanding triangle (28k next major support)

Combine all 5 and we have insane levels of confluence proving bottom was never in and we will be making LL's in the coming weeks!

Not saying we can't get small pop up from here up to 79k (max) on LTF (due to divergences and RSI etc.) but even if (and it's a big if) we got there, it would only be for adding to shorts.

If you look at my charts, you will see we will be making Lower Lows and we are still in a bear market.

I'm in a short from 87k and my TP1 is 54k. I'm not waiting for 52k due to front runners and not holding my breath for 28k (the yellow expanding triangle bottom). But I can guarantee we will see 38k to 54k range.

Bottom was never in.

See attached chart photos for more detail.

[Satoshi Sovereign @BSVonly]

@pete_rizzo_ Top

[Satoshi Sovereign @BSVonly]

@MichelleObama @BarackObama Why is this man still babbling?

[Satoshi Sovereign @BSVonly]

@BlackDumpling 4

[Satoshi Sovereign @BSVonly]

Damn we went from 1 to 2, and now to 5 real quick 🤣🤣

My man slaying over there.

They dont call him Huang (huge-wang) for no reason 😭

[Polymarket @Polymarket]

BREAKING: Jensen Huang departure odds soar after 5 former Nvidia employees allege he had a second extramarital affair, this time with a senior executive.

73% chance he's out by end of year.

🔗 https://t.co/AoNYKaglBS

[Satoshi Sovereign @BSVonly]

@cryptorover Lol.

Pathetic posts.

[Satoshi Sovereign @BSVonly]

If I had $160 billion, I think id pull more attractive women.

But still, this guy over there giga-chading.

Mainly because as @nvidia stock drops @Nasdaq will follow and in turn so will BTC 😉

[Polymarket @Polymarket]

BREAKING: Jensen Huang's second alleged mistress revealed to be Kimberly Powell, Nvidia's vice president of health care.

[Satoshi Sovereign @BSVonly]

BTC update:

MSCI just put Strategy on the deletion list, and the bounce is already stalling, lol. Nov 30th is when its official.

Price: ~$73,800 on Binance. Wednesday's daily close was $74,015. Tuesday's low was $72,727, the lowest since August. Still about 16% under the September high near $87,400.

Rates: The 10-year is still at 5% after yesterday's hot CPI print.

Oil: Brent is near $92.

10Y Bonds: Back at 5%.

Iran: Still not giving in. They are digging their heals in. Just a matter of time before we do another round of strikes to remind them who's in charge.

DXY: Just hit 103 and is primed for 104 - 106 (bearish for BTC)

Stocks: Nvidia is still down about 19% from late October. The AI trade is not healthy, and BTC usually follows it.

BTC: Price is under the weekly 50 near $75,200 and only about 1% above the 200-day near $73,200. MSCI deletes Strategy at the Nov 30 close. Index funds that track those benchmarks have to sell the shares (@Cointelegraph). Funds hold about 13 million shares, roughly 3.1% of the company, per Strategy (@coinbureau). This also dilutes @saylor's ability to trade shares for BTC purchases moving forward 🤣🤣🤣

Traders: Top traders are long by about 2.4 to 1. ETFs leaked $30 million more today, about $326 million so far this week (Farside).

Calendar: Weekly close Sunday, on track for a sixth red week. MSCI effective Nov 30.

Besides all the bearish news for BTC, the TA clearly also shows bottom was never in. Stop listening to bulltards like @KillaXBT / @cryptorover / @carlmoon and many others. These arent traders. They are KOL wannabes and gamblers.

54k is still TP1.

Our trade is up $9.5k. Follow me instead of bulltards if you like to print 💲💸💰🤑

[Satoshi Sovereign @BSVonly]

@EricLDaugh Is it because of Iran or is it because they are going after the deepstate.

I cant see Iran giving a crap about @AGToddBlanche but election rigging deep staters would def try to take him out if he has a case on them.

[Satoshi Sovereign @BSVonly]

Republicans have until January 3.

That's the last window for voter ID, a sanctuary-city ban, border rules in writing, and $1 trillion in cuts. After that, the other side takes Congress.

Get it done, or watch the list die in committee.

@LeaderJohnThune you useless coward... put your big girl panties on and do what 80% of Americans are asking for!

[Satoshi Sovereign @BSVonly]

Twice deported.

Released in 2020. Then he tried to rush a cockpit.

This is catch-and-release. No more of it.

This is the type of world we have to live in thanks to idiots that vote for and support @TheDemocrats

[Mario Nawfal @MarioNawfal]

🇺🇸 TWICE-DEPORTED migrant threatened to BLOW UP a United flight and tried to rush the cockpit.

The 34-year-old Honduran national allegedly claimed he had a bomb on the Newark-to-New Orleans flight and moved toward the cockpit, forcing pilots to issue a hijack alert.

Crew talked him to the back, and the plane landed safely. He had been deported in 2011 and 2014, then released by a judge in 2020.

No explosives were found, but the risk was real.

Writer: Lucas

[Satoshi Sovereign @BSVonly]

They want the China records because the stock already got wrecked.

Nvidia is down about 19% from late October.

This is what a messy CEO fight does to a crowded trade, and BTC is tied to it.

[zerohedge @zerohedge]

*TOP DEMOCRATS TARGET TRUMP ADMIN'S NVIDIA-CHINA RECORDS: WSJ
*WARREN, COONS DEMAND RECORDS ON HUANG CHINA SPY AFFAIR: WSJ

[Satoshi Sovereign @BSVonly]

If DOJ proves it, she's done.

Citizenship isn't a costume you put on for a committee hearing.

The law is the law.

And according to @TheDemocrats "no one is above the law".

[Eric Daugherty @EricLDaugh]

🚨 JUST NOW: Incoming House Minority Whip Rep. Tom Emmer says Ilhan Omar is "NO LONGER A CITIZEN" and "NOT ENTITLED TO SERVE IN CONGRESS" once DOJ proves the case

"I think DOJ is finalizing that! [...] My understanding is there are FOUR different things they are looking at."

DOJ is looking at whether she or her father LIED ABOUT HER BIRTH YEAR so she'd get citizenship as a minor

Her father naturalized in 2000. If she was already 18, she wouldn't have gotten it automatically ‼️

SEND THAT PIRATE BACK.

[Satoshi Sovereign @BSVonly]

Bleakest in 3 years?

Higher rates, fewer buyers, prices under pressure.

That's what a hike does to a housing market, and the same squeeze is still on BTC when we hike in Dec.

[Mario Nawfal @MarioNawfal]

🇬🇧 UK estate agents gave the housing market its BLEAKEST outlook in 3 years!

The RICS survey shows sales expectations for the year ahead dropped sharply to minus 17, and price expectations fell to the same level.

Higher mortgage rates after the Bank of England’s latest hike are keeping buyers on the sidelines.

Agents are already seeing fewer enquiries, fewer deals, and pressure to cut asking prices.

Higher borrowing costs are locking the market in place.

Source: FT / Writer: Lucas

[Satoshi Sovereign @BSVonly]

The stock already told you the story.

Nvidia is still down about 19% from late October. BTC follows this trade, and the weekly 50 is still overhead.

Bottom is not in.

[The Kobeissi Letter @KobeissiLetter]

Our message to Nvidia's board:

Do not fire Jensen Huang.

There is no clear replacement for Jensen Huang. We are confident that his departure would ultimately be a net negative for Nvidia, its shareholders, and the AI Revolution.

First, take a look at the data. History also suggests that removing a successful CEO will come with a significant cost.

A study of 187 forced CEO departures from S&P 1500 companies found that removing outperforming CEOs resulted in negative long-term stock returns. This case would be no different, in our view.

Jensen Huang is the definition of an outperforming CEO. Nvidia's board must not make a decision in the heat of the moment.

The board should take the time to conduct a thorough investigation and consult with shareholders, with a strong emphasis on the latter.

Quite literally, Nvidia's board should convene a special shareholder meeting and hold an advisory vote on this decision. This is the most consequential CEO controversy in world history. Shareholders deserve a say.

In addition, Nvidia's stock, $NVDA, is now down -35% in 26 trading days, nearly half of which is a result of the recent scandal.

We believe Jensen Huang's potential removal as CEO is now ~80% priced in.

Why take an action with massive downside potential when the market has already priced in much of that risk?

The downside of retaining Huang may be limited, while the potential upside is tremendous.

Lastly, history shows that retaining Jensen Huang could still lead to a favorable outcome. In 2019, Amazon retained Jeff Bezos as CEO after his extramarital affair became public, and the company's stock subsequently surged +108% by 2021.

Personal misconduct should not be ignored, but it must also be distinguished from corporate wrongdoing and weighed against the consequences of removing an executive who is instrumental to the company's success.

We believe Jensen Huang is an irreplaceable part of Nvidia and the AI Revolution more broadly.

Once the dust settles, firing Jensen Huang would prove to be a costly mistake.

It is time to pause and consult your shareholders.

[Satoshi Sovereign @BSVonly]

Muslim rape gangs that brutalized 12 year old girls got less time than @rustyrockets.

That's not a justice system. That's a preference.

This is how two-tier law works, and everybody can see it.

This is why you don't mass import Muslims that get into positions of power in the government and use it against the native populations.

[Satoshi Sovereign @BSVonly]

@BitcoinArchive Barely holding the 200-day is not "the upper hand."

One daily close under ~$73,200 and that bounce is done.

Bulls are one close away from losing this level.