Are We In A Bull Run?

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GM,

If you are reading this you are one smart mfer and actually know what’s good for you. This is the first edition of the Heinous Pumps newsletter. We are so excited to bring nothing but pure value to your inbox every single f*cking week.

Here’s the deal: this newsletter is completely free and will stay that way but we are going to go Mr. Beast style and try to land the biggest sponsors we can muster to in turn provide the biggest giveaways WEEKLY - long story short, we want weekly giveaways to be absolutely heinous. If you support us (by sharing our newsletter, clicking our links, etc.), we will support you right back.

We hope you enjoy our first edition and don’t be afraid to email us back with what you think!

Here’s today’s newsletter:

📈 Cousin answers bull run questions + new meme coin
💸 Deep Forex Breakdwown
😂 Degen Of The Week (you won’t want to miss this)
🎥 Live Stream Schedule
🫡 Meme Of The Day

Are We In A Bull Run? 📈

This thought is likely on most of your minds. In my opinion, it’s too early to claim that we are.

The bear market has been a tough one, we saw many black swan events occur in crypto. From the collapse of FTX to the overnight crash of Luna, and everything else in between - sht has been hectic, to say the least. The SEC has relentlessly targeted the space for years. Although news comes and goes, investigations are still open on Coinbase, Binance, and several other crypto entities. Due to the back-to-back black swan events mentioned above, Bitcoin found itself nuked down to even as low as $15,000. Fraudulent funds and ever-greedy exchanges selling Bitcoin that they never had - as true sht show. This is ultimately what drove us so low, and in hindsight $15,000 BTC was likely a blessing (if you had the stones to able to pick some up anywhere down there). So while I do think it is too early to call for a bull run, I strongly believe the bottom is in from November 2022 and it would take a catastrophe to revisit those prices.

So where is my head at? 

Short term I am bullish. I don’t think we’ve put our top in just yet. High $30,000 to low $40,000 is currently my target since a majority of investors are currently sidelined. This is obvious by the way people are reacting to the pumps which is typically a good thing for the bulls. As explained numerous times before, you never want to be on the side of the majority in ANY market (especially sports betting). Like the house in a casino, the market makers always win and the majority of us peasants always get f*cked. So this is one of the reasons I am bullish.

The next short-term bullishness is the ETF hype. Some people don’t seem to get it. They don’t understand why an ETF would bring such demand to the market. Let me ask you this: Do you really think the world's largest asset managers on the planet are going to create an ETF and have no one buy it? NO. They will create demand, they will create hype, and they will market the sht out of it like the NASDAQ buying Superbowl commercials. We're talking about the richest people on the planet who have held generational wealth for DECADES. No doubt about it, I think the majority of this vertical price movement we're seeing is on the backbone of the ETF hype. A majority of the ETFs will likely be approved, but I don’t think this will have a major impact till 2024. This is the reason my short-term target is what it is. I think we push higher from here, get all the noobs excited screaming for the next bull run, and then we sht the bed just one more time. As mentioned above I think the bottom is in, I don’t think we'll see levels that low again ($15,000 range), but I do believe we need to go back down before having a fantastic 2024/2025.

We have many bullish narratives for 2024 that I can go more into depth on in next week's newsletter. Short term I'm bullish. Mid term not really. Long term I'm always bullish. Next week we will also be taking a dive into my portfolio, where I will share with you the coins I own & why I own them. One thing to note is that this market moves extremely fast. What is the flavor of the month now, might not be next.

In honor of the first addition to this newsletter, I would like to share a microcap gem I have recently picked up that I have yet to mention. $OTSea, a sub $3,000,000 project that works as an OTC that allows you to buy in without moving the price significantly. I haven’t seen this idea around & could see this being a good play. I am a holder and will continue to hold. Do your proper due diligence.

• SBF is going in the slammer. Bankman-Fried has been found guilty on all seven charges, including wire fraud and conspiracy to commit money laundering. He is scheduled to be sentenced on March 28th and could face decades in prison. (VG)

• SafeMoon isn’t safe. The SEC charges crypto company SafeMoon and its entire executive team with fraud and unregistered offering of crypto securities. (SEC)

• During the Robinhood Fireside Chat NYC with Paul Tudor Jones, Druckenmiller expressed that "Young people look at Bitcoin as a store of value. It’s a brand. I like it. I dont own any, but I should”. We love the honesty. (@DocumentingBTC)

• Caroline Ellison reveals SBF wanted to become President of the United States. You gotta be kidding me. (@WatcherGuru)

• A16z is planning to raise $3.4B in new funds, and another crypto fund on the way in 2025. Where the hell is all this money coming from? (A)

• Bitcoin (28%) and Solana (82**%**) see largest jumps MoM in years.

• Tuesday marked 15 years since the Bitcoin Whitepaper was published by the pseudonym Satoshi Nakamoto changing finance and the world forever. The dude was absolute G. (@thedropnft)

Dollar Index 💸

The Dollar had 11 weeks of up-closed candles. We then tapped into the weekly Fair Value Gap above (yellow rectangle), and then for the last 4 weeks have been consolidating inside the range above.

Analysis coming into the previous week:

This was the analysis coming into the week:

I expected the price to trade lower at the beginning of the week to sweep the liquidity below before trading back above for the liquidity marked out.

What price did and where we are currently at:

• Price traded down for our sell-side liquidity targets, before rallying back up higher for our buy-side liquidity targets.

• Our objective was met and analysis was on point.

• We are currently still trading in the range I marked out in the first chart.

• Thursday opened with a large gap to the downside, and throughout the day continued bearish sweeping up the sell-side liquidity below.

• Friday is NFP news which is one of the 3 major news events we do not trade because of the volatility it adds to the market.

I'm hoping the news could have a large enough impact that we are able to leave the currency range we are stuck in.

What I see moving forward:

I’m still bullish on the Dollar until proven otherwise. We’ve had 3 months of green candles, and a small amount of consolidation is not enough for me to change my bias.

Long term I still want to see the price reach deeper into that FVG and sweep my long-term objective which is a weekly wick inside the FVG.

However, with this new monthly candle opening up we have left a monthly FVG below, which price may need to go back to and rebalance before pushing higher and hitting my final objective.

EURO/DOLLAR 💸

Long term goal:

The Dollar index and Euro go hand in hand because of how heavily weighted they are to each other. So analysis wise it will be very similar. My long-term target for Euro/Dollar is the monthly FVG below us, however like the index, a new monthly FVG has formed with the close of last month's candle. Therefore, I would not be surprised if the price trades up to rebalance the FVG before moving lower.

Analysis coming into the previous week:

How price played out:

Analysis on point = price targets hit, now just waiting on NFP news to see where price displaces to.

GBP/USD 💸

The Dollar Index is also tied closely with the GBP/USD pair, however, it is not as in sync as the Euro is. Usually, if the dollar index is bullis we are usually bearish on the Pound. The Pound tends to move more aggressively than the Euro/USD pair, and can sometimes have a mind of its own.

Long-term target: Bearish, would like to see the price sweep the liquidity in the FVG below us. However, like Euro/USD I am open to the idea that the price could trade into the monthly FVG above before continuing below.

Analysis coming into the previous week:

How price played out:

Like I said, GBP/USD does not correlate as close to the Dollar Index as the Euro pair, so it was not as clean.

However, Still got the initial sweep of liquidity that we wanted, but did not sell off as hard as we would have liked, regardless there was still good short opportunities.

News for the coming week:

The only news event that's of any importance is when Fed Chair Powell speaks, apart from that should be a good week to trade.

I will send in a new weekly analysis to the forex group on telegram after we get the NFP data and Friday’s candle closes.

Sometimes your motivation for getting up and moving is because simply because nobody else is. This is a gem quote from the GOAT former Navy Seal David Goggins that will make you want to run through a brick wall. If you haven’t already, get after it today.

The degen of the week award has to go to a degen by the username of “cousinsnutsack”. A vital member of this community and one who has yet to miss a stream. He introduced me to the term “pokey wank”. And like an oracle from another planet, a day later our boy Leo was caught being given one…

Tough scene for Leo or a power move? Who knows, let’s run a poll LOL.

(your votes are anonymous btw you sick c****)

• Live-streaming on Kick Monday through Saturday typically 7am - 11am PST. If you don’t follow Cousin on Kick already (you’re severely missing out) make sure to give him a sub here. 

Written by: Cousin Crypto, Gannon

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Disclaimer: Heinous Pumps Newsletter does NOT provide financial advice. All content is for informational purposes only. Heinous Pumps is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.