Time to Buy Michael Saylor’s Strategy as Bitcoin Price Finds Support?
Two beaten-down names, Super Micro Computer and Strategy, are moving higher. But can the rallies continue?
Two beaten-down names, Super Micro Computer and Strategy, are moving higher. But can the rallies continue?
Persistent buying under Bitcoin’s key support level and improving momentum in Ethereum are shifting my trading bias back to the long side.
Before I get serious about a bottom, I want to see real capitulation. That may mean even the most committed buyer finally cries uncle.
A small sale by Strategy may have rattled investor confidence, but the technical damage was already underway.
Chips rolling over on Broadcom and IBIT testing structural support are testing the market.