BTC nashville example
it was (felt) exactly the same, community expected insane speech from (now) President Trump, yet it was underwhelming due to the fact that market pumped super hard leading into it.
I am not saying that I expect it necessarily to be classic sell-the-news event
but if (very eager) community doesnt get exactly what they want, i expect lots of longs covering
it was (felt) exactly the same, community expected insane speech from (now) President Trump, yet it was underwhelming due to the fact that market pumped super hard leading into it.
I am not saying that I expect it necessarily to be classic sell-the-news event
but if (very eager) community doesnt get exactly what they want, i expect lots of longs covering
if anybody is in the same boat like me (100% BTC spot long)
I am not looking to open ANY shorts until when US session is about to end (4 hrs from time of writing this)
to ensure that Michael Saylor doesnt ape another 9-10 figures on my head
I am not looking to open ANY shorts until when US session is about to end (4 hrs from time of writing this)
to ensure that Michael Saylor doesnt ape another 9-10 figures on my head
and lastly on SBR (Strategic Bitcoin Reserve)
I think there is important caveat and factors to consider
1) Does it happen (Yes/No)
2) When is it announced? And when does it go into "action" (I read something that Bill in USA takes a few months to go into action)
and most importantly 3) which coins?
3a) is it simply the DOJ seized coins that are NOT sold and turned into SBR (without additional coins being purchased)
3b) is it USA GOV buying a small amount of BTC (say 500m) is there a budget/cap?
3c) USA GOV goes full Michal Saylor and buys billions
I think there is important caveat and factors to consider
1) Does it happen (Yes/No)
2) When is it announced? And when does it go into "action" (I read something that Bill in USA takes a few months to go into action)
and most importantly 3) which coins?
3a) is it simply the DOJ seized coins that are NOT sold and turned into SBR (without additional coins being purchased)
3b) is it USA GOV buying a small amount of BTC (say 500m) is there a budget/cap?
3c) USA GOV goes full Michal Saylor and buys billions
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Big day tomorrow and arguably one of biggest weeks for our industry for next few years
Tomorrow US markets are closed due to Holiday, Trump Inauguration is around 5 PM UTC, once he is President, he can start sending out Executive Orders (historically almost always some are issued the day of Inauguration) and many in the coming days after (please see the image - useful context for when to expect EOs (executive orders)
then CME open 6 hours after inauguration
TRUMP (his memecoin) reached $80b FDV flipping DOGE and being 7th biggest crypto by FDV while Coinbase and Robinhood (and maybe Upbit?) havent listed spot markets (yet)
I do believe TRUMP mind-share/volumes should peak locally within the coming days (I do not advocate for shorting parabolas, its a dangerous game)
Good luck everybody, will probably post lots of updates in the coming days. Get some rest.
Tomorrow US markets are closed due to Holiday, Trump Inauguration is around 5 PM UTC, once he is President, he can start sending out Executive Orders (historically almost always some are issued the day of Inauguration) and many in the coming days after (please see the image - useful context for when to expect EOs (executive orders)
then CME open 6 hours after inauguration
TRUMP (his memecoin) reached $80b FDV flipping DOGE and being 7th biggest crypto by FDV while Coinbase and Robinhood (and maybe Upbit?) havent listed spot markets (yet)
I do believe TRUMP mind-share/volumes should peak locally within the coming days (I do not advocate for shorting parabolas, its a dangerous game)
Good luck everybody, will probably post lots of updates in the coming days. Get some rest.
When it comes to Executive Orders - I would personally hope so - on behalf of my American friends, that some topics are priority over our internet magic coins (such as Immigration, US debt, LA fires etc.)
no crypto mention nor BTC Strategic reserves at all during his "Victory celebration speech" which just ended
at least their team managed to launch a memecoin for his wife (please do not buy it...)
at least their team managed to launch a memecoin for his wife (please do not buy it...)
Buying off of "rumoured leak" on Twitter is silly
BTC -6% intraday
45 minutes until Trump becomes president
If you want to watch, Donald Trump is streaming the ceremony on his twitter
https://x.com/realDonaldTrump/status/1881372933710589978
BTC -6% intraday
45 minutes until Trump becomes president
If you want to watch, Donald Trump is streaming the ceremony on his twitter
https://x.com/realDonaldTrump/status/1881372933710589978
i am a buyer (BTC) if there is EO (executive order) saying "buying BTC for SBR"
RunnerXBT
BTC nashville example it was (felt) exactly the same, community expected insane speech from (now) President Trump, yet it was underwhelming due to the fact that market pumped super hard leading into it. I am not saying that I expect it necessarily to be…
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Todays price action & anticipation of his speech (and SBR announcement) did play out like BTC nashville speech with a "full retrace"
Since no crypto was mentioned, no SBR or purchasing BTC, I ended up taking no long positions today, however, a pro-crypto EO might still come today or during coming days with the form of a "headline"/ text , so I am staying on my toes
I did however take a short position on BTC, which was too fast that I couldnt possibly share it in real time on Telegram
This tweet from Bloomberg guy was my trigger for entry and second screenshot is my exit at 101.000 flat
Since no crypto was mentioned, no SBR or purchasing BTC, I ended up taking no long positions today, however, a pro-crypto EO might still come today or during coming days with the form of a "headline"/ text , so I am staying on my toes
I did however take a short position on BTC, which was too fast that I couldnt possibly share it in real time on Telegram
This tweet from Bloomberg guy was my trigger for entry and second screenshot is my exit at 101.000 flat
Tomorrow, January 21st is Microstrategy shareholder meeting.
MicroStrategy plans to increase authorized shares to support its Bitcoin purchasing strategy.
Key focus of the vote will be to approve an increase in authorized Class A common stock from 330 million shares to 10.3 billion shares. Shareholders will also consider raising the number of authorized preferred shares from 5 million to 1 billion.
I think Saylor can bring some headlines again tomorrow. Not just Trump and pro-crypto Executive Orders
sources
MicroStrategy plans to increase authorized shares to support its Bitcoin purchasing strategy.
Key focus of the vote will be to approve an increase in authorized Class A common stock from 330 million shares to 10.3 billion shares. Shareholders will also consider raising the number of authorized preferred shares from 5 million to 1 billion.
I think Saylor can bring some headlines again tomorrow. Not just Trump and pro-crypto Executive Orders
sources
Crypto Briefing
MicroStrategy shareholders to decide on major stock increase to advance Bitcoin strategy tomorrow
MicroStrategy shareholders to decide on expanding stock issuance for Bitcoin strategy, supporting a $42 billion capital plan.
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I am giving Trump's speech one last time
He will be shortly speaking on his little podium and after/during the event signing some EOs (Executive Orders), that is a table with bunch of books (filled with EOs)
stream on his Twitter: https://x.com/realDonaldTrump/status/1881419736648499257
He will be shortly speaking on his little podium and after/during the event signing some EOs (Executive Orders), that is a table with bunch of books (filled with EOs)
stream on his Twitter: https://x.com/realDonaldTrump/status/1881419736648499257
Extremely underwhelming, all day
People got excited on Twitter leak and since BTC has just been down only. Trump delivered (so far) zero "Day 1" promises for Crypto.
People got excited on Twitter leak and since BTC has just been down only. Trump delivered (so far) zero "Day 1" promises for Crypto.
RunnerXBT
Tomorrow, January 21st is Microstrategy shareholder meeting. MicroStrategy plans to increase authorized shares to support its Bitcoin purchasing strategy. Key focus of the vote will be to approve an increase in authorized Class A common stock from 330 million…
BWENEWS: MicroStrategy shareholders approve increasing shares from 330M to 10.3B (55.8% approval), clearing a path for more #Bitcoin acquisitions. https://x.com/Cointelegraph/status/1881729687275397328
X (formerly Twitter)
Cointelegraph (@Cointelegraph) on X
⚡️ JUST IN: MicroStrategy shareholders approve increasing shares from 330M to 10.3B (55.8% approval), clearing a path for more #Bitcoin acquisitions.
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Very eventful day today filled with 3 intra-day trading opportunities.
In this post I will cover all 3 of them, how I traded first 2 and how I plan to trade the third one coming up.
Disclaimer: If you dont really day-trade, this might not be a post for you, however perhaps you can pick-up something when it comes to decision making on LTFs.
Initial context: Its President Trumps 4th day in the office and first 10-30 days are historically most impactful as most Executive Orders and decisions are made
Trade 1:
Senator Lummis posts on X "Big Things are coming, Stay tuned for 10 AM" (Link)
My reasoning: Lummis is a long-term BTC/Crypto bull, has been public for a long time, she was proponent of SBR and BTC-Bill, however, she is "just a senator" and no way she has power to announce anything that would REALLY move the market. I expect her announcement to be "nothingburger" and decided to short in advance as i was 95% confident this would be a sell the news.
BTC moved 4% from her tweet, which is frankly insane if you ask me.
Market being so extremely excited for any pro-crypto headline and desperate for SBR headline moved up with leverage.
10 AM came and it was "Honored to chair the Senate Banking Subcommittee on Digital Assets."
Which is obviously great news but did not meet expectations of the market and it sold off.
First Image is chart
Second Image is my execution
Second and third trade coming shortly.
In this post I will cover all 3 of them, how I traded first 2 and how I plan to trade the third one coming up.
Disclaimer: If you dont really day-trade, this might not be a post for you, however perhaps you can pick-up something when it comes to decision making on LTFs.
Initial context: Its President Trumps 4th day in the office and first 10-30 days are historically most impactful as most Executive Orders and decisions are made
Trade 1:
Senator Lummis posts on X "Big Things are coming, Stay tuned for 10 AM" (Link)
My reasoning: Lummis is a long-term BTC/Crypto bull, has been public for a long time, she was proponent of SBR and BTC-Bill, however, she is "just a senator" and no way she has power to announce anything that would REALLY move the market. I expect her announcement to be "nothingburger" and decided to short in advance as i was 95% confident this would be a sell the news.
BTC moved 4% from her tweet, which is frankly insane if you ask me.
Market being so extremely excited for any pro-crypto headline and desperate for SBR headline moved up with leverage.
10 AM came and it was "Honored to chair the Senate Banking Subcommittee on Digital Assets."
Which is obviously great news but did not meet expectations of the market and it sold off.
First Image is chart
Second Image is my execution
Second and third trade coming shortly.
Trade 2:
Headline on Twitter (Link) & Donald Trump speaking online at WEF in Davos in which he mentions "USA to become capital of AI and crypto"
My reasoning: Crypto community got excited about the El Salvador headline, because it is a country that was first to adopt BTC and its Volcano Bonds (TLDR: Pro crypto country), again a "naive" crypto community ran with the headline as if President Trump was going to talk to Mr. Bukele about Bitcoin.
A cherry on the top was him mentioning "Capital of crypto".
I started shorting again, as I expect him ending his WEF speech as sell the news
Why I wasnt afraid of the El Salvador headline, I will discuss in Trade 3) below in a second
First Image is chart
Second Image is my execution
Third trade goes hand in hand with 3rd trade
Headline on Twitter (Link) & Donald Trump speaking online at WEF in Davos in which he mentions "USA to become capital of AI and crypto"
My reasoning: Crypto community got excited about the El Salvador headline, because it is a country that was first to adopt BTC and its Volcano Bonds (TLDR: Pro crypto country), again a "naive" crypto community ran with the headline as if President Trump was going to talk to Mr. Bukele about Bitcoin.
A cherry on the top was him mentioning "Capital of crypto".
I started shorting again, as I expect him ending his WEF speech as sell the news
Why I wasnt afraid of the El Salvador headline, I will discuss in Trade 3) below in a second
First Image is chart
Second Image is my execution
Third trade goes hand in hand with 3rd trade