Cryptonfussball
818 posts



Swedish OMX S30. Top in! Bounce - yes! But Bull is with 90% over



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I think this is the week that uranium starts to goes parabolic. Yellow bulls like @ColdBloodShill, @Bluntz_Capital & @CredibleCrypto have been accumulating for years. There are a number of objective reasons why we're going to see a big move in uranium long term over the next few years...but in particular this week, the starts start to align for a uranium short squeeze 1. The largest uranium mine in the world, Kazatomprom signed a deal with india for spot holdings worth 50% of the entire company's market cap...To put that into perspective, Kazatomprom’s total assets sit around $8.5 Billion (nearly 4 Trillion KZT). We are talking about a multi-billion dollar leviathan of a contract that legally requires an Extraordinary General Meeting of shareholders just to approve. 2. SPROTT uranium trust raised 200m in 24hr to buy spot 3 weeks ago bc of the impending supply squeeze. That resulted in the last big price move for uranium spot. They are MAY be getting ready to do another raise this week in light of the Kazatomprom deal...that will squeeze supply more for the trust 3. Traditional mining is 20 yr from exploration to production. ISR mining (fraking for uranium) will cut this time down to 5y improving supply by 2030 but increased demand from SBRs and global reactors will continue to support a gross deficit. The first big ISR mine to fully come online will be the largest in the world...Denison ($DNN) in 2028. Their license to drill was issued Friday by Canadian authorities essentially derisking the trade. Large cash float, big spot uranium reserves and minimal debt make it an attractive 2x that prob then crabs $7-8 until the next big catalyst in q3. Other ISR projects like microcap Alligator Energy in AU also likely to rerate. Disclosure: I have been accumulating spot uranium for two years and hold equity positions in $DNN & $AGE.


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@CredibleCrypto Any update on uranium? I sold uuuu and dnn but scared it will still melt faces and I want to jump back in bad.



Now that the triple tap on $XRP has met it's target (range highs), there are two possibilities moving forward: 1. This was a relief bounce to take liquidity at range highs and now we expect continuation of the local downtrend (within the higher TF uptrend) aka a move back below $1.77. OR 2. The triple tap formation has established a "base" of structural demand from which dips will be bought for continued expansion to the upside aka our lows at $1.77 will be defended for now. Based on context with where Bitcoin and the broader market is at this time, I am betting on option #2 playing out, which means I will be looking for longs into GREEN while targeting some of the untapped highs above us.


Feeling a little less confident on this idea this morning. There is an argument to be made for a bit of a deeper pullback on $BTC here before we head for the range highs. Anything down to the green zone below is technically fair game imo, which is why I just closed my $CRV scalp long (mentioned in the prior tweet). We have a lot of solid setups brewing atm, and a lot of opportunity for fresh positions if we get a small pullback here, so going to watch and wait to see how PA develops before making my next move.





