I need Saylor to come back down to earth for a bit... Also, the last earnings report showed how MSTR has been taking advantage of the drops and accumulating more each time holdings of BTC. This alone adds more value to the balance sheets. And there has been a big move to switch almost all BTC to unencumbered assets. And they also dealt with getting better loan rates, etc. There seemed to be a lot of bullish things in there, even if the subscription base of their software company isn't the cash-cow like Microsoft. There are some other crypto side-projects as well going on with MSTR. Can't be 100% sure how successful they will be, but I have far better hopes for Saylor getting it done, than the CEO of Coinbase which always talks the talk, and never does a damn thing for years (aside from selling his shares from company).
Even though the bulls fended off the bear onslaught, it ain't looking too good. Should we slide below 27,080, there could be some trouble ahead, possibly sending BTC down to 26,700. 5M 30M
Looking at MSTR today, I naturally didn't expect BTC to push much... Please come down... come down a lot.
Adding another batch of short at just above 27.2K. Needless to say, I shorted the previous trade at the bottom. I really should be bailing out and either reverse or stand on the sideline, but being a tard that I am, I doubled down instead. For the time being, the stop will be at 27.4
Well, we're definitely bouncing around the neckline, and we could go either way, although I personally have a short bias (at least in the short run). I ain't so sure the long-term outlook is bearish though.