$Coinbase Global, Inc.(COIN)$We are having fun now. The bear BBQ feast and party continues into weekend. Orange koolaide is the flavor of the year and Mr Orange will be attending the bear slaughtering competition. Dancing the orange victory dance with the DJs Elon & JD.Fun for all, even for some converted dems.
$Strategy(MSTR)$Capital advisor Jeff Walton posted on platform X over the weekend that Strategy (MSTR) is now the 88th largest company in the United States by market capitalization ($99.15 billion), reaching a new high in ranking. Today, its ranking jumped 11 places at once, and it has climbed a total of 18 places within this week. Strategy has met or exceeded the market capitalization threshold requirement for inclusion in the S&P 500 index for 290 consecutive days.
$Coinbase Global, Inc.(COIN)$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.
$Strategy(MSTR)$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.