Yes I call it a phantom short. It acts exactly the same as if I shorted the position just without any upside risk. Example: I take a short @ 103k I would currently have about a 6k pnl. I pretend to short bitcoin @ 103k and hold the cash. Now I would be able to purchase bitcoin for a 6k discount. Yes you could argue that by shorting I am "gaining" 6k and I still have 6k in cash, totaling 12k but you are taking a huge risk for an extra 6k.
This is go time...otherwise I see this correcting over the next few months at least. 120k in a week or it's done.
This has to blast off from here or its going to roll over into a lengthy correction imo...by blast off I mean around 250k by March. Basically 250k by March or 50k. It goes to show that nobody here has a clue about TA because everyone should be at the edge of your seats right now...but instead you are all just a bunch of bandwagon jumpers when price goes up, and spam bs after the fact talking head metrics. You all have disappeared again because 100k didn't turn out to be the springboard you hoped like a bunch of sheep lol. I TOLD you it meant nothing in the big scheme of things. We are either going to extend for the c&h target, or we correct. @semperfrosty @NoahA @SunTrader @Tokenz @johnarb @johnarb you seem to have bigger problems with MSTR not tracking bitcoin...
WRONG AGAIN!!!! Horrible call No, we're just chilling right now since there is nothing to talk about. Yes it has gone down a few percent, but it's a healthy correction because we are building structure around the 100K area for future support. TA is only 25% important compared to the news and fundamentals. You can sit there all day and draw lines all you want, but at the end of the day, the news always wins, and if you really want to score bigger you'll be looking at the fundamentals which I bet you have no clue about
There is nothing to talk about because you guys were totally wrong about 100K LOL. All news and fundamentals follow the chart. Everything is already baked into the chart and yes that means future projections. This is how I managed to predict home depot's earnings beat based on the chart . You have it backwards like all the other sheep. Secondly, so now 100K is a "structure" not a springboard? Are you serious? LOL Do I need to screenshot all of the posts you guys made about 100K being blast off?
LOL volume is strong and yesterday's close was an all time high close. No weakness is siiiiiiiiight. Of course nothing goes up forever and a pullback is out there but meanwhile the trend is the trend.
BTW also Bitcoin / $SPX spread is close to alltime high and Bitcoin / XAUUSD (Spot Gold) is at an alltime high.
What are you talking about? Volume is a useless indicator anyway, but it's not even half of NOV levels...and all time it barely even shows on the chart lol.