The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
Hi - sorry but I don't understand what is meant by the added descending line drawing. Could someone please explain? Thanks in advance
Crypt0poliS
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@standupgorilla99, Hi mate. That line mean two zones, start and finish of a movement that I see on that chart. Not about time, only a movement from 2 zones.
Being short here was a good strategy but mainly because all the market is dumping and dragging BTC with it. LUNA's failure made this short really work, but I'd cash in on my shorts this week. BTC held up too well as the NASDAQ continued its beating. I think BTC will uncouple from the NASDAQ and MSTR will run up to $350 from the $190 range. If the shorts are too deep on MSTR and BTC rips as if can, then you could see a 2.5x on MSTR as short coving will give it boost as it did before. Be very careful holding a short position unless the market heads down two more weeks in a row and dumps the S&P another 10% to cause a real panic to the doors. If that happen dry powder is rushing into MSTR with long leaps and direct stock purchase but BTC isn't likely to go away as the Lightning network takes shape and companies like Stripe and Square(Block) replace legacy banking systems with blockchain tools using BTC.