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Do You Feel The Pump Yet?
You will have double-digit girlfriends by the end of this bull market
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GM,
And especially gm to the 188 new cousins who have joined the newsletter since last week - you’re Fridays just got much better. We crossed 7k cousins reading this newsletter and we can’t thank everyone enough for reading and partaking in polls and such. Cousin Army™️ is booming and if we keep this engagement up your faces will melt soon with the raffles and sh*t we are going to do. Again, as stated in our first newsletter, our goal (with patience, timing, and the right partners) is to Mr. Beast this sh*t and be doing raffles every. single. week.
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We have a super exciting newsletter in store for you today:
💰 Cousin Breaks Down BTC Mayhem
📍 Crypto Market Update
💸 Forex Update
🤔 Nancy Pelosi Buys $PANW Options
⛑️ DGOTW: @SolidTradesz Nails $PEPE Trade
🤡 Meme Blender
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Gm fellas,
Another beautiful week in the market. All the A.I. bags that were mentioned in the last edition are up tremendously!
Moving forward, my bias remains the same. We’re in a bull market that is showing no signs of stopping anytime soon. There will be pullbacks along the way but this is it. Believe it or not, I think the best is yet to come. On the higher time frame bias, we have been accumulating since last cycle, and only now are alts starting to break out. So although it probably feels like we’ve been printing forever, the majority have yet to. I’ve just been a Navy Seal sniper simply put.
One thing I want to talk about is leverage.
This is going to be the only reason you lose money over the next few months in my opinion. If we take a look at the funding right now it is absolutely CLAPPED, which is why we see these mega flushes like we did earlier in the week. The reason for these flushes is to take out the over-leveraged bulls. It does not affect spot buyers but will drain the accounts of those long on leverage. The market is going to move faster than any other asset class on the planet. It will exceed the targets of many. You will have double-digit girlfriends, the only thing that will stop this from happening is if you get wiped out using leverage. So for fuck sake do your best to avoid it.
The last thing I wanted to go over is something I’ve seen online. ‘Shortened cycle’. The people saying this are clueless in my opinion. I do not see this bull run being any different from prior ones, if anything I am more bullish. For the first time in history, we have ETFs. BILLIONS AND BILLIONS of new dollars to come through them, and I’ve said it before, but what do you think these traditional finance boomers are going to do when they get that first feeling of a 10x that they didn't have to wait a decade for? sell? exit all markets? NO. They will never get enough, the dopamine and rush crypto has to offer is only comparable to gambling, except, this is educated gambling and they will be hooked for life. For the first time in Bitcoin history, we have access to real institutional money and potentially trillions of dollars. I have no idea how this translates to some as a “shorted cycle”.
I am very bullish on 2024. We are within a single ball hair of previous all-time highs, the euphoria we see at higher time frame tops is not there, rates have not been cut, elections have not been held, and the halving has not occurred. I am bullish. As always be smart and stay away from leverage, hold onto your spot and enjoy the ride mfs.
What do we see first? |
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Presented by the Crypto Scroll Newsletter
$3.24 B: Total Bitcoin ETF volume in one day (@watcherguru)
BlackRock Bitcoin ETF: Hits new record with $1.3B in trading volume in a single day (@BitcoinMagazine)
$IBIT: BlackRock’s BTC ETH is the fastest ETF ever in history to reach $10B in funds. (@EricBalchunas)
MicroStrategy: Lead by Chief Degen Michael Saylor now holds $10B in BTC after recent purchase (CD)
MagicEden: Their ETH marketplace is now live (@thedropnft)
Peter Brandt: Updates Bitcoin bull-run prediction to $200k (BCOM)
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💸 U.S. DOLLAR INDEX:
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Compared to last week there is not much difference at all. Price continues to consolidate around the monthly bearish imbalance and the weekly bullish imbalance. Until we get a weekly candle close below the weekly bullish imbalance, I expect price to continue to consolidate at this level. If we are to get the weekly candle close I believe DXY will seek lower prices.
This coming week is going to be chaotic not only for the forex market, but all markets as there are multiple high-impact news drivers.
NFP, in itself, is significant data, but we also have Fed Chair Powell testifying which is rare. One thing for sure, this consolidation will be broken next week and the Forex market will have a clear idea of where it wants to go.
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Our favorite seemingly omniscient stock picker Nancy Pelosi has been making nonstop waves in the finance world with her multi-million dollar Nvidia $NVDA call options that have absolutely printed for her over the past couple of weeks.
Why stop now?!
You’d think a politician of such high of an office (along with years of scrutiny over this exact activity) would cool her jets when it comes to making millions in outlandish stock trades that seem to always go in her favor .. you’d think. Not Nancy and her husband, they simply DGAF. Not to mention there seems to always be a bureaucratic budge that is attached to share price increases.
Her new stock position: Palo Alto Networks $PANW
Palo Alto Networks is a multinational cybersecurity firm based in Santa Clara, CA that provides a platform including advanced firewalls and cloud-based security offerings. It serves over 70,000 organizations in more than 150 countries, including 85 of the Fortune 100. The company also hosts the Ignite cybersecurity conference and is a partner of the World Economic Forum. So why did she buy $PANW?
Quiver Quant has the entire story:
Nancy Pelosi just made a million dollar options bet on a cybersecurity company called Palo Alto Networks.
We might have figured out why:
— Quiver Quantitative (@QuiverQuant)
7:34 PM • Feb 26, 2024
TL, DR: Nancy has 70 option deep in the money call contracts worth around a million dollars that expire Feb 2025 and have a strike price of $200. She even bought more after the share price dropped post-earnings - leading many to believe that the company has potential government contracts in the works. Again this is not financial advice, just simply relaying news.
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Degen Of The Week goes to @SolidTradesz for a degen 50x leverage PEPE trade that will make your brain melt. So far he is up at the time of writing over a shocking 8,353% with an unrealized gain of $341,496 USD. Miami trip with the boys is inbound for this cousin.
Close or nah
— Solid 堅固 (@SolidTradesz)
7:09 PM • Feb 27, 2024
Usually gain/ p*rn like this is a sure sign of a top. However, PEPE is currently trading above this price and has flown over 40% higher. Who knows though when this legend sold. Also, make sure to send your gain/loss porn to @heinouspumps Twitter account so you can be featured next week.
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Capo waiting for $12k
— van00sa (@van00sa)
8:45 AM • Mar 1, 2024
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Written by: Cousin Crypto, Gannon
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. Heinous Pumps is a satire-based newsletter and should not be taken seriously.