Best Bitcoin proxy to trade: MSTR

[cesfx]

I own some ARB: LSE Argo blockchain. Miners, relatively correlated but hopefully on a lag as miners. I also have a couple of option play on Riot.

 

[Pekelo]

Beautiful head and shoulders with RSI divergence. If this puppy doesn't go down, I have to give back my market technician degree.

 

[Pekelo]

check out RIOT, MARA

Yeah, Marathon:

https://cryptobriefing.com/mining-firm-marathon-joins-microstrategy-defacto-bitcoin-investment/

 

[legend4life]

What's the most liquid exchange from US for options on btc/eth, or which crypto stock would work best for options?

 

[johnarb]

Beautiful head and shoulders with RSI divergence. If this puppy doesn't go down, I have to give back my market technician degree.

Did you short MSTR like you were planning to?

MSTR is up during the day and after-hours (earnings release was after hours). I hope you don't lose money shorting this, Pekelo.

https://finance.yahoo.com/quote/MSTR?p=MSTR&.tsrc=fin-srch

 

[Pekelo]

"The best time to buy Bitcoin is whenever they have the suicide hotline pinned in the subreddit"

 

[johnarb]

Beautiful head and shoulders with RSI divergence. If this puppy doesn't go down, I have to give back my market technician degree.

 

[Pekelo]

Earnings>>TA

Also it did go down after the right shoulder. Just came back. But thanks to your warning, I didn't short it going into earnings.

 

[johnarb]

Earnings>>TA

Also it did go down after the right shoulder. Just came back. But thanks to your warning, I didn't short it going into earnings.

Earnings was last week. Today's move is btc-related and possibly the Bitcoin for CEO's conference I mentioned in previous post

 

[Daal]

MSTR premium is likely a bet that the company will pivot into crypto. Whether that will be crypto corporate consulting, a GBTC competitor or something else, remains to be seen. But there is a pretty decent chance of that