I would like to express my deep gratitude to the Square team for honoring me with the Best Analyst trophy. Receiving this award is a precious recognition of my efforts and dedication over the past years. Since 2018, the journey has been fraught with challenges, but each obstacle overcome has strengthened my determination and expertise. This trophy symbolizes not only a personal achievement but also the unwavering support of my colleagues and management.
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Alright, 67k reached, and we're already getting close to our final target (aside runners) of 73k.
Seeing the timeline acting as if they called this move. It's funny to see, because in my world, nothing counts unless action is taken because calling a move is easy without acting (as you can call 10 different directions and say you called it). Hence, executing is a completely different game (you can only stand behind 1 direction)
I could write books of why so many called sub 50k, even sub 60k while we hit 62k, and we didn't hit either.
It's a sentiment read, telling us people are bearish.
Instead market went up. And we executed on it, all in live time. There is no if or but about it.
Entry taken, move performed, and now, we get to slowly cash in, can take second TP on the long entry I posted at 62.9k. And I took first TP on my long from 63.8k, right here at 69k.
Reversal call successful ✅ No 60k ❌, instead 69k. ✅
🚨 A former employee of Revolut allegedly attempted to extort a crypto trader by threatening to publish their KYC data!
Revolut has confirmed that the matter is indeed real.
According to the trader, a former customer support employee at Revolut allegedly used the access they had to internal data to try to extract a ransom in crypto from them. The man allegedly threatened to publish their personal information obtained from the KYC if a payment was not made.
The former employee did not just contact him directly. He also reportedly searched for family members using Revolut and contacted them to apply pressure.
"They searched for my contact information and found every other family member using Revolut and contacted them to force them to pay or face blackmail."
The victim also claims that Revolut offered him a paltry compensation, which prompted him to make the matter public.
"If a large company like Revolut can do this, then any other company can too."
Revolut has publicly confirmed that an investigation is underway and that the matter has been reported to law enforcement. An employee allegedly used legitimate access to retrieve sensitive data.
Bitcoin has Weekly Closed below the 200-week EMA (black)
This technically means that the EMA has been lost as support and that price could turn it into resistance on any upcoming recovery
Historically across cycles, whenever Bitcoin performed a Weekly Close below the 200-week EMA followed by a bearish retest, it would prompt additional Bearish Acceleration to the downside
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We have seen a lot of iterations of the Sell Model go around on bitcoin.
Just wanted to express my opinion, because we have seen the "popular" opinion being pushed around as if it's gospel and as if it's the only thing that can happen, so I wanted to share my interpretation.
There is no right or wrong way to use this model. Fractals are mostly bias fitted regardless.
Just like how I am bias fitting it to my thoughts, although I like my version more, it's cleaner.
But if trading was as easy as copy pasting fractals, everyone would be rich.
You know I'm transparent and tell you the truth.
Good trading requires research of the right metrics, ones I have already been expressing and maybe shared slightly too much of already.
This model being finished, isn't the full answer, although I think that's what exactly what happened, and so it is part of the answer.
Part of my answer.
So yes, I am proceeding with my opinion. And that's my last call on the downtrend could be over, we don't see sub 50k anymore, before everyone starts adopting my opinion.
It's been a little over two years since I started with crypto. During these two years, I think I've spent more time behind my screens than 99% of the people here.
I've been laughing a lot for the past few months, but that's because I believe I've acquired enough data & experience that I wanted to share this point of view: crypto is a dying industry.
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1. The only use case for crypto = making money
We have enough perspective today to know that crypto use cases (excluding BTC) are limited to only a few categories:
The UAE has so far mined $453.6M Bitcoin through their partners Citadel. It appears that they are holding the majority of the Bitcoin they produce, with their most recent outflows 4 months ago.
Excluding energy costs, the UAE is currently in profit of $344M on their Bitcoin.
In 2018 they had $14M In 2020 they had $214M In 2022 they had $864M Now they have $1.5 BILLION…
Dragonfly just raised another $650M for their latest fund.
You can track all of their current and historical movements on Arkham across 22 labeled addresses. They currently hold $137M in their tracked addresses, and their tracked on-chain PnL peaked at the end of 2024, at $364M.