MSTR
has been a pretty good vehicle to short against Bitcoin holdings, a small position can act as a hedge for a larger Bitcoin allocation, which is convenient. A new short setup is popping here, confirms on close today.
Should go down for 12 business days.
Best of luck!
Cheers,
Ivan Labrie.
Comment:
Near target one, I suppose you could risk holding further, but keep an eye out for new daily highs in crypto over the weekend.
Trade closed manually:
As I feared, crypto did regain strength over the weekend and equities are also looking better.
Rather exit this 'hedge'
As I feared, crypto did regain strength over the weekend and equities are also looking better.
Rather exit this 'hedge'
Comment:
3.2% move is not bad