MSTR Crash. Blue Ocean trading shows new low for MSTR. The pace is furious and unabated. No one is calling for a support bottom now. That is scary as unlike other counters like Tesla or Apople or Meta, MSTR has got no real business of substance. It is a ponzi hedging on the price of Bitcoin. And that in a plunging crypto market has got no base level to stand on.
Pay attention to this part : "Strategy is currently positioned below all key moving averages, indicating a bearish trend. The stock is trading 12.4% below it's 20-day SMA, 16.3% below it's 50-day SMA and a staggering 53.8% below it's 200-day SMA...." Strategy has broken it's 52 week low and it looks to continue the downward dive. The simple support look is $100, which will be adding pressures to their finanical positions post quarterly results announcement in early February. Add to this, Michael Saylor has been using the cash reserves raised from issuing new debts and equities to buy even more Bitcoin. All substantially above current Bitcoin price. Their balance sheet must be looking awful right now. I am a bear on MSTR. Not neccessarily on Bitcoin, but on MSTR. Why ? Because it is a ponzi
Strategy Stock Sees Selling Pressure As Bitcoin Dives
The experiment is failing. As Bitcoin breaks through to $80k, the effect on Strategy's coinbased treasury plan multiplies even more. For every dollar Bitcoin falls, MSTR falls $3/-. This is because MSTR has been buying Bitcoin with money it does not have. It's borrowed funds that will have to be repaid. And with interest / dividends. Ponzi.
Trumpnis doing great and making America great again.... Ya. Right. He is the president who is bankrupting USA. But to be fair, they have been on this track for some time now. And they are being sustained by other countries which have no choice but to keep lending them money. Not anymore. China, Japan and probably all of Europe are stopping from buying their treasuries. Make America Bankrupt will be Trump's mantle.
Dollar Tumbles To A Four-Year Low As Trump Claims It's "Doing Great"
MSTR Monday action. Bitcoin closing Sunday at below $87k. Will probably end at $86k lookinv the speed of today’s crash. MSTR pre-market price will probably collapse alongside.
Man, that must really hurt. Lately, it seems when Michael Saylor buys Bitcoin, it dips further. Maybe that may be a good strategy to adopt. When he buys, you sell.....
Bitcoin hoarder Strategy buys $2.13 billion in bitcoin in eight days
Politics aside, US Treasury has been running on fumes for a very long time. The US is bascually a broke nation and are printing money to fund itself. Now with China, Japan, and now European institutions selling off their US notes, the only ones holding the bag are the Arabs.
Danish Pension Fund Akademiker Pension Plans to Exit the US Treasury Market
Michael Saylor must be puking seriously today. His buddy, Donald, just crashed the stock market and Cryptocurrencies with his unhinged Greenland ambition.
24H | Crypto Stocks Drop as Bitcoin Falls Below $91,000
Cryptocurrencies Movement Donald Trump is screwing all his Crypto buddies today. His unhinged Greenland ambition is creating a crypto crash. Once again, showing how dangerous he is..... to both foes and friends.
Gold and Silver. Money is flocking to precious metals. Usually this means fear is heightened and seeking safety. The stock markets hitting record high even as miney moves to precious metals was what happened at previous Equity crashes. Time to play extra safe.
MSTR Quick Collapse One day euphoria has turned down, badly. The MSCI news was a flash in the pan which proved gold is hard to discover. Particularly for conpanies which have no real tangible business activity. 52 week low of $149 is now in sight again. This time it will likely break lower.