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New HBO documentary claims to reveal the identity of Satoshi Nakamoto 👀

The current economic situation explained.

Author

Coinsauce
October 04, 2024

Welcome to the Daily Coinsauce Newsletter, its good to be back. If you like our regular updates, then let us know with a “Yes” vote and a feedback comment at the end. Let’s get straight into today’s highlights.

💧Top headlines from the last 24 hours:

• New HBO documentary claims to reveal the identity of Satoshi Nakamoto

• US public debt climbs to a record $35.7 trillion.

📕Educational :

• The current economic situation explained.

• Chart of the day - Drift


Lets dive in.

📅 Today

🔍️ Market Outlook For The Week

  • Overall Bias - Cautious 🙏 

  • BTC dipped to it’s 200 Daily EMA at ~$60,000

  • It is crucial that this EMA should hold as support

  • This is a crucial price level. If BTC breaks here, further downside can be expected.

  • However, historically, Q4 has been the best-performing quarter for BTC so that we can expect some bullish momentum due to seasonality.

  • For the bulls, a clear breakout above $67,500 will take BTC to new all-time highs

  • It is wise to not take any new leveraged positions till BTC closes above $67,500, and just DCA in spot instead.

Satoshi Nakamoto Unmasked ⁉️ 

A new HBO documentary claims to have uncovered the true identity of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. The American film producer, Cullen Hoback, shared this news on X recently.

Hoback is known for his series “Q: Into the Storm”, which exposed the authors of the QAnon conspiracy theory, for which he received critical acclaim.

The new HBO documentary, “Money Electric: The Bitcoin Mystery”, will debut on October 8th.

Who do you think Satoshi Nakamoto could be?

Money Printer Goes BRRR 🤦 

US public debt has jumped $345 billion over the last 3 days hitting another record of $35.7 trillion.

Since June 2023, federal debt has surged by a MASSIVE $4 trillion, or 14%.

Over the same time period, US GDP is up just $1.5 trillion, or ~6%.

In other words, the national debt has outpaced the economic growth by 2.7 TIMES over the last 16 months.

Outside of the pandemic crisis, US federal debt has never grown so rapidly.

This is why we Bitcoin.

📕 Educational

Current economic situation:

1. Stocks are rising like we have avoided a recession

2. Gold prices are rising like we are heading into a recession

3. Oil prices are rising like we are heading toward WW3

4. Bond prices are falling like geopolitical tensions are easing

5. Crypto is falling like risk appetite has disappeared

6. Tech stocks are rising like risk appetite is at all time highs

This seems to be the epitome of a broken market.

📊 Stat of the day

📈 Chart of the day

Rationale :

  • 4H horizontal support

  • 1D equilibrium support

  • 1W macro horizontal support

  • This is a good DCA zone for long-term hold.

  • Source : Cointraction

🤣 Meme of the day

That concludes our update for today!

We appreciate you joining us for the latest news. Our aim is to provide the best in class insights and highlights that keep you well-informed and ready. Remember to join us on Telegram and Twitter for additional updates and giveaways. Until then, see you next time!

Disclaimer : None of the content shared in the newsletter is financial advise. Always do your own research and analysis before investing.

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