Stocks related to Bitcoin like $Riot Blockchain, Inc.(RIOT)$and $Marathon Digital Holdings Inc(MARA)$drop at the moment of Capital Gain Taxes. $Coinbase Global, Inc.(COIN)$also fall below its strong support of $300 now.
Bitcoin across different exchange fall below its strong support of 50000USD before recovering.
During premarket MARA and RIOT dips up to 10% before recovering. It is still early to dive right in. I will be monitoring this two for today swing trade.
Abit short bias on these but we have to see the price action first. If they convincingly break the 100MA at around 34.5 for RIOT and 27.5 for MARA, we quite potentially ride this down.
Likely won’t hold position over weekend as things can change. May the market be with you![Allin]
PS: Not a financial advice. Don’t bindly follow a greenhorse 🐎. Please do your own DD.
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