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11:41 AM
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BTC is going to plummet until MSTR is dead
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Lady Jane Smith:MV81MTI4MzYxXzk0MTgzMTc2XzE3MDcwRjU4] [quote:CosmicRays:MV81MTI4MzYxXzk0MTY3MDQ1Xzk0QjM0RTIw] [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] Watch the Daily and 3 Day MACD for positive cross. The daily when positive is my start hedging in signal. [/quote] We have a ways to go before there is a positive cross on either the 1 or the 3 day -- short of some beyond shocking pump from nowhere. Even the weekly right now looks close to breaking the neckline. [/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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