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BTC is going to plummet until MSTR is dead
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[quote:Anonymous Coward 81389006:MV81MTI4MzYxXzk0MTY2MjE4XzJDNEQ3NUQz] [quote:Lady Jane Smith:MV81MTI4MzYxXzk0MTY2MTM0XzE1OEJFNTIz] Looked at the BTC MACD on the 4 hour chart. It is very low. What does this mean? means there could be a bit of a pop. If you are a scalper/day trader could be a bit of an opportunity to make a few going long. With tight stops in place. I think after a bit of a pop, it may just be in a small range for a while until the MACD resets, and then further down she goes. Not trading advice. Just my opinion. [/quote] there will be a short squeeze soon too much retards opening shorts probably going to 40k [/quote]
Original Message
If you are long BTC, put on your diapers.
[
link to finance.yahoo.com (secure)
]
Read the article. MSTR is one of the largest holders of BTC, and they are a levered long.
The market now knows where the max pain point is...somewhere below $21K.
The market always aims for max pain. And there is no bigger max pain than a giant levered player that can get margin called.
BTC will drop until MSTR is wiped out. At that point, the forced selling will probably drop BTC into the $10-15K range and maybe more if there are lot of others levered longs, which there most certainly are.
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