Is the crypto winter over?

The_Krakenite · May 15, 2023

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).

schizo · May 15, 2023

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

The_Krakenite · May 15, 2023

-possibly sending BTC down to 26,700.

Yes please!

schizo · May 16, 2023

schizo said:
Reversing back to short here at 27.4K.

Flipping back to long here at 27.1K. She obviously has no interest going down.

schizo · May 16, 2023

schizo said:
Flipping back to long here at 27.1K. She obviously has no interest going down.

Reversing to short @ 26.9K.

The_Krakenite · May 16, 2023

Looking at MSTR today, I naturally didn't expect BTC to push much...

Please come down... come down a lot.

schizo · May 16, 2023

schizo said:
Reversing to short @ 26.9K.

Adding another batch of short at just above 27.2K.

Needless to say, I shorted the previous trade at the bottom. :banghead:

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

Handle123 · May 16, 2023

BTC on dailies made excellent H&S recently, system remains long term short.

schizo · May 17, 2023

Handle123 said:
BTC on dailies made excellent H&S recently, system remains long term short.

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.

schizo · May 17, 2023

schizo said:
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

Being a tard sometimes pays off

. Now I'm almost breakeven.