$MSTR Lines of Liquidity [$CRO short in action, $DXY pump]
I'm still working out how trading view recording works, and it seems the upload failed, so i'm not sure exactly what will be connected to this post, but let's see....
MSTR opened strong today on the back of a slightly higher 
BTC since yesterday's US market close. My hypothesis remains that volatility will be the name of the game in the coming days, as we are sandwhiched between two pre-market gaps. One from last Thu-Fri session at 300-325, which was nearly 5%, and multiple smaller ones down near 210-230. The shorter term gaps are more likely to be filled in the coming hours/days than the longer term-ones which have already failed to fill. But they'll all be filled, which means we can expect a range of at least 210-300 or 30+% moves in the coming days/weeks while we wait for summer to end and the US FED to announce it's highly anticipated rate hikes - estimated to be between 50bp and 100bp, depending on the inflation CPI numbers and other factors.
I'm active in a CRO trade, accumulating with anticipation for a move to the downside. I'm shorting through .125 - .129, with a stop loss set at .13. Looking to cover at ~.12
And I'm slowing distributing my open MSTR trade between 280-300.
The
DXY continues to pump, while BTC remains relatively flat, which in my book indicates a divergence worthy of our close attention and a surprise up someone's sleeve. Who's playing games out there, who is it, really!?
MSTR opened strong today on the back of a slightly higher BTC since yesterday's US market close. My hypothesis remains that volatility will be the name of the game in the coming days, as we are sandwhiched between two pre-market gaps. One from last Thu-Fri session at 300-325, which was nearly 5%, and multiple smaller ones down near 210-230. The shorter term gaps are more likely to be filled in the coming hours/days than the longer term-ones which have already failed to fill. But they'll all be filled, which means we can expect a range of at least 210-300 or 30+% moves in the coming days/weeks while we wait for summer to end and the US FED to announce it's highly anticipated rate hikes - estimated to be between 50bp and 100bp, depending on the inflation CPI numbers and other factors. I'm active in a CRO trade, accumulating with anticipation for a move to the downside. I'm shorting through .125 - .129, with a stop loss set at .13. Looking to cover at ~.12
And I'm slowing distributing my open MSTR trade between 280-300.
The
DXY continues to pump, while BTC remains relatively flat, which in my book indicates a divergence worthy of our close attention and a surprise up someone's sleeve. Who's playing games out there, who is it, really!?
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