BTCUSD is nearing 10x its ATR% from the 50-MA
$Fidelity Wise Origin Bitcoin Fund(FBTC)$ $iShares Bitcoin Trust(IBIT)$ $Grayscale Bitcoin Trust(GBTC)$ - BTCUSD is nearing 10x its ATR% from the 50-MA.
I've noticed a few posts on my feed sold their holdings on 14/11, based on the prior day's bearish "Shooting Star" pattern. I initially thought I might be wrong to hold, but I continue to hold with small trim on the trade as it remains above the 10-MA. Pre-market now shows a further +3.5% gain, nearly a full ADR move.
My personal view on $MicroStrategy(MSTR)$ is also to avoid selling everything from yesterday's move. It's impossible to predict just how far a thematic rally can extend beyond a 'perceived' parabolic levels.
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