Crypto Canadian

@EmiMelker @TheNarratorBTC I think he means the cashtags failed - I can't click on them. Nothing happens.

@TheNarratorBTC well thank you for your terrible opinion

bitcoin:native ethereum:native 👈 click those to see the new cashtags feature 🤑 Incredibly useful new x feature for our community!!

$BTC touched $76,000 and backed off. Let's see if it can get the strength to push through!

Looks like the pattern faked us out. The bottom 'B' didn't confirm, but it's still pushing higher. Looking for a break above the $76000 wick at the center of the W pattern, and then resistance at $78,382

$BTC weekly did not confirm the 'B' bottom candle. Still red dots, still red bars, still below red trackline. #bearmarketbitcoin #BitcoinRecovery not yet

@jamesaz2015 @RunnerXBT @saylor What do you mean return of capital?

@RunnerXBT @saylor With this strc product it's return of capital right? Do the people buying this even understand that ? Lmao

for every $1b of BTC purchased via STRC from @saylor he owes $115,000,000 in dividend payment, per year

@EbonyBostock @Stanciu1812 @cryptomanran If there are more buyers than sellers, the price goes up. Once the price reaches $1, then it's new equity being purchased, which is why when $STRC is at $1, Saylor has new equity to buy $BTC

@Cryptanadian @Stanciu1812 @cryptomanran So what determines whether new money that comes in gets new shares or buys shares off the existing holders?

Saylor bought 1B yesterday, and he is going to blast again today. $STRC deadline is on the 15th, so after that, his buying power will drop significantly. This is normal because of how the $STRC dynamics work, as people don't have to hold the full month to get the dividend, so the buying happened towards the end of the dividend timeline. I talked about this exact playbook more than a week ago in @247researchX, and as of now, it has played out to the day. After tomorrow, I think we will lose the marginal buyer that is Saylor, and we will drift lower. This has happened the last 3 times he bought through $STRC, with a few days' margin of error due to the day of the week he got the money.

We are through the $74,500 let's see what happens when $Bitcion daily timeframe hits $76,000 at the red line

@fomohour @JoeyMoose Where is @rektmando Is he ok? do we need to form a search party?

BTC & ETH Pumping, Saylor Buying Big, Kraken is Getting Extorted 🔴 Guest host @JoeyMoose 👇 x.com/i/broadcasts/1…

@EbonyBostock @Stanciu1812 @cryptomanran Technically they aren't taking their money out of the fund - they can't. MSTR gets to keep the funds because it's an equity investment. All they can do is trade their equity to a buyer which is why the fund trades down after the dividend. MSTR never has to give the money back

@Stanciu1812 @cryptomanran Okay so what happens when people take their money back out of the fund? Does he sell the bitcoin?

@rektmando @boreas_eth You mean since Saylor says he's never selling bitcoin, then cash needs to come from somewhere to pay the dividend on STRC, so it's either sell common stock or?? He's talked about becoming a bitcoin bank so maybe he can use the BTC he owns to earn yield? Otherwise, short MSTR??

@boreas_eth He is just issuing more and more pref stock - he has capacity for $25b more There is barely ant leverage in the cap stack any more so the logic for it trading at a premium has gone This is just MSTR paying for STRC indefinitely now

Saylor has lost it with this logic. He has now issued $10b+ of preferred stock at 10-11.5% and has capacity to issue $25b more. That means a dividend bill of $1-4b EVERY YEAR on a software business that makes no cash. He has pre-funded some of this bill for the next year by issuing common stock - but with the amount of preferred shares printed each week this is going to run out. The only option for this capital structure long term is either issuing $1-4b of common stock every year, turning off the dividend or selling BTC. This is now a timebomb.

After that, it's the red trackline on the weekly at $78,832

2 big areas for $BTC so far it's looking like it might push through the resistance green line at $74,500 and then it's the red line at $76,022. If it makes it past the $76,022 it will be a bottoming 'W' pattern, and will likely come back and retest before carrying higher!

Daily $Bitcoin can't clear the resistance. Turning down now, let's see what it does into the weekly close. If it closes tomorrow night above $72k then the weekly 'B' bottom candle is confirmed

@Sluggo2442 @Jump5312 @rich_toronto Yes, offered to all who believe, but they are grafted in to a tree. What tree if not the covenant promise of God to Abraham? If the Israelites are not a special people to God, then he broke his covenant

@Cryptanadian @Jump5312 @rich_toronto ...immense love and justice while offering redemption and eternal life to all who believe. Then yes. The Israelites were the chosen people, but now Jesus has chosen anyone who comes to Him

As I was eating a piece of matzah earlier, the following line from the Haggadah (the book we read at the Passover Seder) popped into my head: “This is the bread of affliction that our ancestors ate in the land of Egypt. All those who are hungry let them enter and eat, all who are in need let them enter and celebrate Passover” and I realized some stark differences in the world. Jews have been pushed out of multiple places in our history. Time after time after time our enemies rise up against us, attempting to ethnically cleanse our people, pushing us out of our homes, our land. Passover is the story of how the Egyptians enslaved us, murdered any male children born, and did everything possible to make our lives as oppressive as possible. Through the bringing of the plagues, we were freed from slavery, and we celebrate that freedom. We had to leave in the middle of the night. We had to leave our homes. Our lands. And so, today, we remember. We celebrate. We are thankful. We remember. We remember how our ancestors were enslaved. We remember their hardships the bitterness of their slavery. We celebrate. We celebrate the choices most of our ancestors made to leave Egypt. Yes, some stayed. We celebrate our freedom. We are thankful. We are thankful for Hashem, for the miracles. We are thankful for our freedom. Do you know what we don’t do? We don’t protest against Egyptians. We don’t spend the time bemoaning the situation or feeling sorry for ourselves. We don’t celebrate what happened to those who enslaved us, either in Egypt or at the Red Sea. We don’t try to get back what was lost. We don’t throw pity parties for ourselves. We don’t allow ourselves to be victims. We don’t allow the Pharaohs and Taskmasters and Egyptians to continue to have power over us. When we escaped from slavery, we fully escaped. We moved on.

@HippoJane21 @phtevenstrong @Pontifex There is the part about looking after widows and orphans in their distress..... so not an act of offense but defense, which gets sticky if the defense is in another area where you kind of have to go on offense to get there

@phtevenstrong @Pontifex Stephen - where in the New Testament do you see Jesus condone violence or war??

God does not bless any conflict. Anyone who is a disciple of Christ, the Prince of Peace, is never on the side of those who once wielded the sword and today drop bombs. Military action will not create space for freedom or times of #Peace, which comes only from the patient promotion of coexistence and dialogue among peoples.

4hr $BTC is also underwhelming. So far it looks like a bull flag under resistance at $73.5k, but RSI is turning lower and price/rsi made a bearish divergence

$Bitcoin daily squeeze shading didn't get a breakout arrow, and the shading is done. RSI still has room to move up, but there's overhead resistance at $74.5k that would've been nice to get the breakout arrow and explode through. Could slowly move up to that line and then back off

I was wrong - the 1hr moved around so much that the squeeze shading continued. It's looking great here - green dots, green bars, above a green trackline, squeeze shading with room in the RSI to move higher. Let's see if it can break $74k!

10 minutes till candle close, but the 1hour $BTC chart looks like a squeeze fakeout setup. Squeeze shading explodes up, but quickly reverses (hence the 'fakeout'). Of course it could still resolve higher, but not looking great

Almost to the dollar - $Bitcoin hit the $73,150 level and backed off. Looks like there's still room in the RSI so it might push through that level! Next resistance is around $74k