shaq

three drives enthusiast

[shaq @ughcrypt0]

@Stnxbt 🤝 first move fake move

[shaq @ughcrypt0]

@TraderMorin local range forming makes this zone so nice to trade.

if SPs/local highs swept first -> confluent w/ stoch double top (and RSI-mid reset) for a great shorting opportunity

if HTF Lows first -> watch for potential deviation, play according to the current HTF range

[shaq @ughcrypt0]

@TraderMorin in a bull market, everyone’s a genius

[shaq @ughcrypt0]

@TraderMorin sweet science 😮‍💨

[shaq @ughcrypt0]

@saylor @Strategy bro is twerking for more cash, sit down

[shaq @ughcrypt0]

reword: $STRC is not many steps away from a ponzi scheme

[Bull Theory @BullTheoryio]

BREAKING: $STRC just hit at $85.32, its lowest level ever.

It could force Strategy to sell more Bitcoin.

STRC is Strategy's preferred stock that pays an 11.5% annual dividend. When it trades below its $100 par value, the market is signaling that the yield is not high enough.

To bring STRC back to its peg, Strategy would need to raise that dividend rate.

But raising the dividend rate means a higher annual cash obligation. Strategy is currently funding that cash by selling MSTR shares.

The problem is MSTR's NAV premium has compressed close to 1x, meaning there is almost no room left to dilute further.

That could force them to look at this option. SELL BITCOIN.

Strategy also responded directly to these concerns. According to their latest 8-K filed June 15, their $55 billion Bitcoin reserve covers $1.7 billion in annual dividends and interest expenses for 32 years. Bitcoin only needs to appreciate 3.1% per year for them to break even on that obligation.

On paper, the cushion looks significant. But STRC is still trading at $86, $14 below its $100 par value. The market is not convinced yet.

When Strategy sold just $2 million worth of Bitcoin last time, the price dropped 20%. If Strategy is forced into becoming a consistent seller, the impact on Bitcoin would be significant.

Strategy has been the single largest institutional Bitcoin buyer in the world. The data says they have 32 years of runway. The market is still pricing STRC at a discount.

[shaq @ughcrypt0]

@YaliPeled254857 @Trader_XO thick order book absorbing some of the selling here!

[shaq @ughcrypt0]

@Trader_XO The power of longs turning into forced seller is damn strong too. Even a 0.333% R turns into a money printer

[shaq @ughcrypt0]

@arkham gambling problem

[shaq @ughcrypt0]

@TraderMorin Let’s see if price comes back for another chance of shorts.

Got my first hit at a sweet entry but was waiting for a sweep/clean retest of monday’s highs so only positioned for 1/3R in the end.

Wouldn’t mind this turning into a MTF redistribution formation for a deep push lower.

[shaq @ughcrypt0]

@Sokio8D 😭

[Polymarket Sports @PolymarketSport]

🚨BREAKING: Someone just put $1M on Spain to WIN their match vs Cape Verde today

This pays out is $1,085,943.48 on Polymarket

[shaq @ughcrypt0]

yikes

[Polymarket Sports @PolymarketSport]

🚨BREAKING: Someone just put $1M on Spain to WIN their match vs Cape Verde today

This pays out is $1,085,943.48 on Polymarket

[shaq @ughcrypt0]

@TraderMorin and I wanna take part credit for all the audio compliments you be getting since the start of the year 🤣

https://t.co/tiqh7B8gb1

[shaq @ughcrypt0]

@TraderMorin GM Morin ☕️

Solid market outlook video again. One note: is there a way you can bump up the volume of your mic a little? either in Post Production or speak a little closer to the mic.

At times it’s far too difficult to hear

[shaq @ughcrypt0]

@SailorManCrypto volatility is exactly why i chose crypto. love it.

[shaq @ughcrypt0]

@TraderMorin Also looked like chunks of the passive sellers were longs taking profit with some of those contracts closed too

[shaq @ughcrypt0]

@WilderWorld When you eventually release it with the WILD currency, are the unbanked tokens burnt or recycled into the ecosystem?

[shaq @ughcrypt0]

@TraderMorin I call it Shlonging the market 😵‍💫

[shaq @ughcrypt0]

CPI: comes in exactly as expected,
Crypto Market: OML BUY BUY BUY WAIT NO SELL SELL SELL BUY SELL BUY

[shaq @ughcrypt0]

@Stoiiic I often get into these conversations too, and the key thing I always turn to is it's all variations of the same shit. He not tryna buy tech, he's tryna make money.

The story is just more imaginatively complex. Helps him convince himself he's enlightened.

https://t.co/c9aA48eEUj

[shaq @ughcrypt0]

This argument collapses at the point of acceptance that debts and stocks are simply more ‘imaginatively complex’.

Your bonds are paid off by more bonds, and revenue-generating blockchains exist (thus offsets the stock argument).

Crypto is speculative, agreed, but so is all else