Catching Up with Crypto
MSTR
+2.97%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
BTC/USD
+0.30%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
ETH/USD
+0.35%
Add to/Remove from Watchlist
Add to Watchlist
Add Position
Position added successfully to:
Please name your holdings portfolio
Type:
BUY
SELL
Date:
Amount:
Price
Point Value:
Leverage:
1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000
Commission:
Create New Watchlist
Create
Create a new holdings portfolio
Add
Create
+ Add another position
Close
As we all await the oh-so-important CPI on Wednesday morning, let’s end the day with a couple of crypto charts. The crypto market peaked about four weeks ago (unlike tech stocks, which keep roaring higher) and, should Bitcoin cross below the horizontal I’ve drawn, the selling should accelerate. As it is now, BTC has already shed about 10% of its value.
BTC Price Chart
Ethereum has also backed away from its multi-month rally, and the failed bullish breakout is worth noting. The “risk-on” psychology of surging crypto definitely can feed or detract from zeal for equities.
ETH Price Chart
Naturally, equities tied to the hip of crypto have also suffered recently. Michael Saylor’s Microstrategy (NASDAQ:MSTR) has held below its right triangle top for many months.
MSTR Price Chart
I’m going to spend the evening doing a bit of tinkering with the site. I’m as “in position now” (70% committed) as I care to be until we know what’s going on with the CPI and the reaction from the market.
