Mabel Edison
Mabel Edison
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avatarMabel Edison
04-25 05:30
$Coinbase Global, Inc.(COIN)$ Looking at Bitcoin's weekly chart—$81,300—it feels like it might not hold. With a broad pullback in global assets, this could be the long-awaited correction finally arriving. I'm still holding no positions for now, waiting either for a sharp dip or a clear right-side trend to emerge. If there’s another bull run ahead, the only blockchain-related stock I’d consider bottom-fishing is Coinbase. I’m not putting anything else in the basket.
avatarMabel Edison
04-25 05:29
$Strategy(MSTR)$ Sell the Microstrategy position in the short term and buy Applovin (APP). The logic is the same as in the previous post: Given the robust economy, the earnings reports of technology stocks are expected to be outstanding. In particular, Applovin (APP) has been continuously short - sold. The company's leadership must be eager to stage a comeback and teach those ridiculous short - sellers a lesson. Let's wait and see unfold. I'm only leaving Microstrategy temporarily. I'll buy it back if there's a good price.
$Coinbase Global, Inc.(COIN)$ The performance of an exchange is also quite good, but ever since I bought its related assets, the price has been falling continuously. The rise and fall of BTC have nothing to do with it, it just keeps dropping. I sold it before today's market opened, and then immediately bought the $COIN short option income (FIAT). Say good bye.
$Strategy(MSTR)$ From a technical analysis perspective, the stock price of MicroStrategy is already above all moving averages: including the 8-day moving average, 21-day moving average, 50-day moving average, 100-day moving average, and 200-day moving average, all of which have been broken through. After this round of adjustment, the bottom-building process in the past two months has been quite solid, and the triple bottom on the daily chart is unbreakable. In addition to the daily chart, the weekly chart, monthly chart, quarterly chart, and annual chart also show a bullish arrangement of moving averages. The grand pattern of MicroStrategy's super bull market has initially taken shape.
$Coinbase Global, Inc.(COIN)$ Looking at the weekly chart of Bitcoin, at the price of $81,300, it seems that it can't hold on. A major correction of global assets might come, albeit a bit late. Currently, I'm still in a cash position, waiting for a wick (sharp price drop and recovery) or for a clear upward trend on the right side to emerge. If there is another bull market, among the blockchain concept stocks, I only want to consider Coinbase as a potential target for bottom-fishing, and I won't include any others in my investment portfolio.
$Coinbase Global, Inc.(COIN)$ Although coinbase is the weakest this time, it still has the value of being included in an investment portfolio. One should be optimistic at this juncture. It's not impossible to challenge the all-time high before the end of the year.
$Palantir Technologies Inc.(PLTR)$ I resolutely cleared out my Palantir (PLTR) shares with a cost basis of -100 last week! Now that everything has become clear, it's really unreasonable for some people to keep strongly advocating for it. Previously, when PLTR had great potential at prices of 20 and 30, it was precisely these shortsighted people who were shorting it. Well, I'll buy some more when the price drops to a little over 70!
$Strategy(MSTR)$ The U.S. dollar index has plummeted, and it is only natural that Bitcoin, priced in U.S. dollars, has risen. In addition, the market expectation that the Federal Reserve might cut interest rates in June has also provided a source of momentum for Bitcoin. Yesterday, I emphasized that there seems to have been a divergence between the trend of Bitcoin and that of U.S. stocks, and there is no need to be overly concerned about the impact of the Nasdaq Composite Index on Bitcoin. Therefore, this rebound and upward movement of Bitcoin may have some support, and MicroStrategy, the shadow stock of Bitcoin, is naturally the biggest beneficiary.
$Coinbase Global, Inc.(COIN)$ Looking at the weekly chart of Bitcoin, at the price of $81,300, it seems that it can't hold up anymore. There might be a major correction in global assets, which could be late but is still likely to come. I'm currently in a cash position, waiting for a price spike (wick) or for the right side of the price trend to emerge. If there is another bull market, among the blockchain concept stocks, I only want to consider Coinbase as a potential target for bottom-fishing, and I won't include any other stocks in my portfolio.
$Strategy(MSTR)$ Currently, the mining stocks with a large enough mining scale are mainly four companies: MARA, CLSK, RIOT, and IREN. Among them, both RIOT and IREN are engaged in AI, and the leading pure mining stocks focusing on mining and hoarding coins are MARA and CLSK. Since April, both MARA and CLSK have seen an increase of over 10%. In comparison, MSTR has increased by 10%, and Bitcoin has increased by less than 3%. Most of the other mining stocks that have transformed into AI (except for some stocks that have been severely oversold) are in decline. One of the major characteristics of the bottom is that the stocks rise with the general upward trend but don't follow the downward trend. The trend of mining assets in
$Strategy(MSTR)$ 8.65 returning to 8.35 still didn't drop. Currently at the 92,000 position, Bitcoin would have to go back to 8.6 to pull it up to 94,000. It's been a bit unusual lately and not following the previous patterns. Keep an eye on the Nasdaq Composite Index (.IXIC).
$Coinbase Global, Inc.(COIN)$ Stablecoins mainly focus on capturing scenes, distributors, and merchants to build their own network effects. Currently, Circle is subsidizing Coinbase and Binance. If USDC grows rapidly, USDT may also offer subsidies. In the future, it is possible that we may see a subsidy war among stablecoins.
$Coinbase Global, Inc.(COIN)$ Gold has completely broken through the price ceiling of Bitcoin this year. From April to June, the target prices are $90,000, $100,000, and $110,000 respectively.And if, as expounded in my three series of long articles, the stable growth policies of the United States keep being implemented (it seems that the probability is already relatively high now), the price prediction for Bitcoin before the end of the year can be raised to the range of $150,000 to $200,000.Let's see.
$Strategy(MSTR)$ It didn't drop even when it went back from 86,500 to 83,500. Currently, it's at the 92,000 level. If Bitcoin goes back to 86,000, it will have to rise to 94,000. It's been a bit abnormal recently, different from the previous pattern. I will continue to mark this situation.
$Coinbase Global, Inc.(COIN)$ Looking at the weekly chart of Bitcoin, it's at $81,300. It feels like it can hardly hold on. A major correction of global assets might be arriving, albeit a bit late. I'm currently in a cash position now, waiting for a price spike (wick) or for a clear upward trend on the right side of the chart to emerge. If there is another bull market, among the blockchain concept stocks, I only want to consider Coinbase as a potential target for bottom-fishing, and won't include any others in my investment portfolio.
$Strategy(MSTR)$ The three options of MSTR accounted for 50% of the overall account. Now, the positions have been gradually closed for profit, and currently only the IBIT option accounts for 20%. If the price of Bitcoin drops back below $75,000, I will increase the position of options for going long again, but I think the probability of this happening is not high. I think that Bitcoin may drop next to create a higher low (around $80,000), and then turn around and move upward. If Bitcoin rebounds above $90,000, my account will almost reach a new high. At that time, I will liquidate all the options, and at most buy some 2x leveraged ETFs like BTIX. Meanwhile, I will also stop the daily updates. I hope that day will come soo
$Coinbase Global, Inc.(COIN)$ Looking at the weekly chart of Bitcoin, it's at 81,300 US dollars, and it feels like it can't hold on anymore. There is a major correction in global assets, and it might just be arriving a bit late but still coming. I'm currently in a cash position, waiting for a wick (price spike) or for a clear indication on the right side of the chart to emerge. If there is another bull market, among the blockchain concept stocks, I only want to consider Coinbase as a potential target for bottom-fishing, and I won't include any others in my portfolio.
$Strategy(MSTR)$ Mstr: I bought a 5% position of Mstr yesterday. The reason is that the trend of Mstr is significantly stronger than that of the broader market. During this round of decline, it didn't continue to make new lows. At the same time, judging from the MACD indicator, the downward momentum is gradually decreasing. There is a possibility of forming a double bottom here. If the broader market rebounds, the rebound strength of Mstr will most likely be stronger than that of the broader market. This portion of the position is a speculative one. The first short-term target price is 315, and the second target price is 340.
$Coinbase Global, Inc.(COIN)$ The team can solve so many regional compliance issues, so it should be quite capable. This requires further research on the founder's work and publicly available information. The key is to assess their integrity and awareness of shareholder returns. Regarding business risks, we need to consider the costs required for market expansion. Additionally, Coinbase currently holds a large proportion of Circle's shares. We need to figure out how much profit can actually be retained and whether there are other competitors.
$Strategy(MSTR)$ MSTR is an obvious target being watched by all the big short - sellers. ($Microstrategy(MSTR)$) If a liquidity crisis similar to that in March 2020 (when oil futures turned negative) occurs in the medium term, MSTR would be one of the best options with the least resistance.

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