Michael "Hold My Beer" Saylor

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gm Happy Friday cousins,

Hopefully, everyone in the States had a good Thanksgiving last week!

Before we begin, we’ve noticed that across various socials, but mainly Twitter, there have been some hot debates over what Cousin’s closest celeb look-a-like is: The Kid Laroi, Matt Damon, or a white Lil Baby (you said it not us). Let’s settle it with a poll after a quick gander below.

this is a tough call tbh but let’s not waste any more time and get straight into today’s newsletter

Good day lads,

Briefly going back on our last newsletter, I was expecting a pullback. We got one from that price but it still wasn’t very big as BTC created a new yearly high earlier this week. Am I still expecting a more complex pullback? To be completely frank, Yes. However, there are two possible scenarios in my eyes that we could see play out.

1) The preferred one, “vertical accumulation”:

This is what I refer to when the price continues to consolidate while slightly pushing up, something we’ve seen the last few weeks post the massive move-up we had. BTC continues to range while sweeping the equal highs and putting in new ones. Now if this is what ends up playing out I expect we will head towards $40,000 next week - before getting that complex pullback that I’m looking for.

2) We completely sh*t the bed soon:

Thus of course getting that complex pull back before another move up. Volume overall has definitely been decreasing, and the ‘Coinbase whale’ that many were praying to their horoscopes to be Black Rock or some other large conglomerate, was indeed Big Daddy Michael Saylor once again. He announced that his company MicroStrategy bought an additional $593.3 MILLION worth of Bitcoin [I feel poor typing that out]. Additionally, we are beginning to see these pumps mostly moved by perps (leverage) rather than spot, which is NOT bullish. Either scenario is possible in my mind and obviously, I know it sounds like I’m just saying “the price will go up or down” like every talking head on CNBC but it’s truly because the market is in a place of uncertainty and I just straight up wouldn’t be looking to take large positions at these levels. I would wait for more indication of where we are heading.

Furthermore, BTC had its highest monthly close in almost two years! So do not get me mistaken, I’m still bullish mid to long term. My goal for BTC is to remain closing above $35,000. This doesn’t necessarily mean that it’s going to pump face, but what this does mean to me is that we will remain range-bound on the HTFs with $35,000 being our lows and $45,000 area potentially being our highs. If we can achieve this I believe altcoins will EXPLODE.

🚨 Some(not all) of my personal altcoin favorites right now that I will be aiming to scoop on dips Include: $SOL $INJ and $LINK for the larger caps, $CRE $OTsea $AIX $PRISMA a few of the smaller ones that I’ll aim to scoop on red days. If you’re asking why I left some of my coins off that list, that’s because I am already balls deep in it and have the bag size I am happy with.

Long story short, I’m expecting a flush sooner or later that will wipe out open interest and give the market a much needed healthy correction. Will that be now? or after another leg to $40,000? We will have to f*ck around and find out. As always, stay patient the market will always give you entries.

What it won’t do is show you forgiveness if you FOMO or don’t have the sack to buy deep dips.

• (ICYMI somehow) Binance and its CEO, Changpeng Zhao (CZ), are being charged with $4B in anti-money laundering federal crimes. CZ turned himself in and pleaded guilty to failing to maintain an effective anti-money laundering (AML) program. He also has to pay $50 million in fines himself and has resigned as CEO of Binance. CZ will not be allowed to return home to the UAE before sentencing in February.(DOJ)

• Kraken is labeled as an “unregistered securities broker-dealer” by the SEC, also implying mixing customer funds (CD)

• For the first time in over 3 years, Bitcoin’s daily fees have flipped Ethereum’s daily fees. An increase of 48.4% from $8.59 on Nov. 12 to $12.75 on Nov. 19. (TB).

• $603M has flooded Blast in 1 week since launch, proving yield-farming on Ethereum is a want. (CD)

💸 DOLLAR INDEX - BEARISH

The price target given in the previous analysis was met this week. The Dollar is currently bouncing off of the sweep of that liquidity. I am still bearish, however, I would not be surprised if the Dollar bounces higher before trading back down to seek lower prices.

My next target for the Dollar is the liquidity below at 101.800

💸 EUR/USD - BULLISH

After hitting the price target on EUR/USD we pulled back, in sync with the dollar I am expecting price to pull back into the weekly Imbalance below, before continuing higher.

💸 GBP/USD - BULLISH

GBP was stronger than Euro this week, and we expect it to be the same next week. Looking for Price to pull back into the Daily imbalance below before taking the liquidity above.

IMPORTANT DATA:

NFP news is the only major news of the week that I'm looking out for.

[This is Gannon speaking]

The other week I decided I’m starting 75 Hard this upcoming Monday to officially get rid of the 10-15 pounds that I keep bouncing back and fourth between. For those that don’t know what 75 Hard is here is the description below.

If anyone has any advice or done this before please respond to this email for tips. Currently, just off of first glance, I believe that having no cheat meals will be the hardest objective of them all. Wish me luck ❤️ 

Michael Saylor has to be the degen of the week after buying $593.3 million worth of Bitcoin in November alone. Dude is a straight up menace who took his profitable and publically traded software company and converted it into a Bitcoin bank. As of right now, the company holds over $6.5 BILLION worth of Bitcoin.

Don’t get me wrong, we are bullish as ever but you gotta look at this quote from him and scratch your head sometimes:

"I think that the public is beginning to realize that bitcoin is the next bitcoin," he said in August. "The next logical step is for bitcoin to 10x from here and then 10x again.” - Michael Saylor

Truly next level degen sh*t

If you haven’t seen this speech from Saylor talking about Bitcoin it’s much watch television. The dude completely loses his mind.

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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.