Was $MSTR's $543 Last Night the Peak?

VivianLau
11-22

No one knows for sure—it could pull back for a bit and then rally to new highs. Anything is possible.

  1. During the last cycle, $MicroStrategy(MSTR)$ peaked well before Bitcoin. MSTR hit its high on February 9, 2021, while BTC peaked later—first on April 14 and again on November 10. By the time BTC reached its two highs, MSTR had already dropped 45% and 38% respectively from its February peak.

  2. The sharper MSTR rises, the harder it falls—last night must have been a tough lesson for many.

Why I Sold MSTR but Kept $Coinbase Global, Inc.(COIN)$:

  1. BTC remains bullish: I’m still optimistic about BTC spot prices. Whether it hits 100k, 200k, or even 300k, I’m not too concerned.

  2. Different logic for $COIN: Unlike MSTR, COIN benefits directly from market activity. As long as the crypto market stays lively, COIN has room to grow. My decision to hold COIN reflects my continued confidence in this crypto cycle. With Trump’s regulatory easing yet to be announced or implemented, there’s still potential for upside. I’m willing to give COIN more time.

  3. If the COIN rally doesn’t happen: Then I’ll simply lock in my gains and call it a day.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Dumplinggogh
    11-23
    Dumplinggogh
    About 550 or more in overnight and pre trading
  • KSR
    11-24
    KSR
    👍
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