TRUMP'S WARNING: WHY THE MARKET IS PLUMMETING
In a Nutshell
Ricky is shorting MSTR and waiting for Bitcoin to break below $60K to add to the position, expecting larger gains as BTC continues lower. The video highlights $635B wiped from crypto markets, MicroStrategy's record $122.7B unrealized Bitcoin loss, and Trump's failed attempt to prop up stocks after weak jobs data. Key advice: use strict risk management, avoid overleveraging shorts, and have buy-the-dip names ready like IBM and Micron if sentiment shifts bullish over the weekend.
These notes were generated by AI and may contain inaccuracies.
Happy Friday. It's Ricky with Techbook Solutions with a quick market update following the LPP live trading session. Bitcoin continued forming lower lows and lower highs and was close to breaking below 60,000. MSTR began showing signs of slight support as BTC had not yet broken below 60K.
In the live session, shorting MSTR and adding to the position as direction became favorable was demonstrated. Day trading MSTR and shorting it as direction is favorable within the day is acceptable, but carrying the position overnight carries greater risk. The plan is to see BTC break below 60K and then add more to the short position. A gain of $4,000 was made on the day as MSTR sold off, but larger gains are expected once BTC breaks below 60K.
BTC is less than $250 away from breaking below 60K. MicroStrategy's unrealized loss on Bitcoin holdings has risen to 122.7 billion, the largest unrealized loss of Bitcoin in history. The more BTC sells off, the more the company will be down. This puts the company down over $28 billion in the last 12 months. Michael Saylor exemplifies why dollar cost averaging with Bitcoin never works with speculative assets.
Bitcoin plunged below 61K, the lowest range since half a decade. Over $635 billion has been wiped from the crypto market in less than a month. There were 500+ crypto liquidations in the last hour, with long positions accounting for over $450 million.
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