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If you were not aware of it, there is a website here whose sole purpose in life is to keep track of all of Michael Saylor’s $BTC purchases for Microstrategy. It’s an interesting glance, particularly since you discover that nearly 50% of the MSTR market cap is just based on Michael Saylor’s reputation for being, I dunno, a helluva guy.
In my last post on Friday I was saying that Bitcoin (BTCUSD) had just broken over the previous week’s high at 102.7k and, as I noted on Monday 13th Jan, that was the right shoulder high on the H&S that had broken down. The break up on Friday invalidated that H&S and that break fixed a target at the retest of the all time high at 108.4k.
That target at the retest of the all-time high was reached quickly amid a wild weekend with the launch of Trump and Melania’s astonishingly popular meme coins, and that leaves a possible large double top setup on Bitcoin that I am not taking particularly seriously at this stage.
(more…)The coin. The coin! Who said that? Find out who said that.
Even though these “coins” are hot off the proverbial press, yes, you can watch their every move in SlopeCharts!
A real-time example of my Securitization of Feelings concept can be seen this morning in the plunge in price of the equity DJT. Simply stated, the Trump coin has sucked all the oxygen out of the room. Trump fans have a better, more volatile instrument with which to express themselves. DJT is boring.
