MicroStrategy testing FibonacciWe can see a high correlation between the company and BTC since the pandemic.
Looking at the monthly chart, the fact is that the price is now in an important Fibonacci region at 50%.
On the 1-hour chart, on the ADX indicator, we can see a decrease in the selling force (red arrows), and an increase in the buying force (green arrows),
forming a kind of symmetrical triangle, signaling a temporary indefiniteness.
I'm waiting in the cabin to see what happens.
Microstrategy
MSTR is a spicy buy now#Microstrategy is a spicy 🌶 buy now, down 61% from previous high of $884.
You’ll 3x your money from today’s bounce at $319 in the next few months.
First target break above the downtrend line, $669 to $761 right to fib retracement into the green fib box
Second is the bull flag breakout! The target 🎯 from impulse move up, move the flag pole over from the breakout will put #MSTR at new ATH of $1600
AKA MicroBrain StrategyThese guys have 122,500 Bitcoin (BTC) and have a total average purchase price of 30k with an average buy in of $3.66 Billion. Watch out if Bitcoin breaks below 30k.... who knows when the banks are gonna start calling and asking for their billions back... at the time of this article in December 2021, Microstrategy's BTC was valued at $6.13 Billion which is now as of this date worth about $4.25 Billion. At what point does Mr. Saylor sell???
www.nasdaq.com
That higher volume you see on the wave C is indicative of a wave C pullback and a blowoff top which is exactly what occured in 2021.
We might get a really good bounce to the upside before this red arrow takes effect but it's going to happen. Bitcoin is the riskiest of risk assets and these guys have $3.66 Billion worth of Bitcoin
Microsoft (MSFT) | The best scenario for climbing📝Hello traders, Microsoft in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
It is better not to talk about the general nature of this wave and only explain the counting part.
Based on the counting of the first wave 1 and 2, it has ended in a very normal state and now we are inside the third wave.
From wave 3, waves 1, 2 and 3 are completed and now wave 4 is formed. We assume that wave 4 is formed in the form of a flat and from this flat 2 waves are needed to complete.
The end point of this wave, considering wave 2, which is a deep wave, can be around 0.23 and 0.38, and it is better to start the upward movement for wave 3 by hitting the trend line and breaking the upper side of the channel.
The target for Wave 3 is a multi-fibo collision.
If the warning sign is broken down, the field analysis is not done, but it returns to normal.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
MicroStrategy BTC Buys TimelineI got interested in seeing projected the buy timeline of this company when a fellow trader told me BTC drops every time they buy. So here is a chart of that, with the dates at which they bought and the the amount. Make your own inferences out of it. Last dates and amounts are inferred from latest news.
Source: www.wallstreetpro.com
#MSTR every reversal candle under the 200ema creates a bottomObservation: Every time MicroStrategy has dipped under its 200ema this year, a reversal candle print often signals a bottom. Is this time different or more of the same? might be an opportunity to buy here with a stop under the reversal candle low.
MSTR and COIN: What Will Monday Look Like?Hello friends, today you can review the technical analysis on the 1D chart for Microstrategy (MSTR) and Coinbase (COIN).
1) Coinbase and Microstrategy are both public companies that are intertwined in the cryptocurrency markets.
2) With the sizable drop in the crypto markets, the price of Coinbase and Microstrategy will be affected when the market opens.
3) CryptoPickk shows a possible price target for where the price may go to for both Coinbase and Microstrategy.
4) A Trend-based Fibonacci Retracement is shown for both stocks.
5) Coinbase price may be supported around the 0.382 fib level around $200-$205.
6) Microstrategy price may be supported around the 0.382-0.236 fib level around $450-$500.
7) As traders know, it is very hard to catch a falling price so just be careful when buying the dip.
8) Both stocks price target ranges are shown in a yellow color rectangular box.
It's not the time to get completely negative on the markets, but it is a time to start thinking about what to do next. Be cautious.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
MSTR MicroStrategy - Downside potentialMicroStrategy's price is correlated with Bitcoin price. If we see a downturn in Bitcoin price in the short term, there may be a strong chance that MicroStrategy will also drop. One key area of support is the long term trendline outlined in the chart. The price point is around $590-610 range.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
September14 BTCUSD Bingbon Chart Analysis and Today's Headline
Bingbon's Bitcoin Chart
Yesterday was an interesting day for the crypto market. According to Bloomberg, Walmart announced online payments with Litecoin, stating that it will offer the option to make online payments with Litecoin starting October 1. As expected, Litecoin price spiked on Monday, extended gains to 20 percent, and Bitcoin briefly rose to $46,000. However, Walmart quickly confirmed that reports of a partnership with Litecoin were actually false. Litecoin's price turned lower after rising nearly 30% at one point. Bitcoin price overall maintains a downward trend. On the daily chart, Bitcoin price is currently finding support around the 60-day moving average. BTC remains consolidated above $43,400 in a narrowing range. On the weekly chart, BTC is at dead fork risk unless it moves back above $47,400.
Today's Cryptocurrency Headline
MicroStrategy, a US-listed company, bought about 8,957 Bitcoins between July 1 and September 12, spending a total of $419.9 million, according to its Form 8-K filed with the SEC. The average purchase price per Bitcoin is about $46,875. Between August 23 and September 12, MicroStrategy bought another 5,050 Bitcoins for a total of about $242.9 million, with an average price of $48,099. As of September 12, 2021, the company held about 114,042 Bitcoins and spent a total of $3.16 billion. The average purchase price per Bitcoin is about $27,713.
Bitcoin is Bullish. BITMEX:XBT Since the complete Crypto meltdown MSTR has outperformed Bitcoin off the lows.
Saylor announced that MSTR has bought another $500 million worth of Bitcoin and also filed to sell up to $1 billion worth of MSTR to fund more Bitcoin purchases. MSTR now holds around 110,000 Bitcoins. Many institutions have expressed interest in Bitcoin exposure which carries great risk for them to custody the Bitcoin themselves.
Being that MSTR is basically a Bitcoin holding company it seems that institutions are buying the Bitcoin dip.
To keep it simple..... Number go up.
Let's watch MSTR! High risk - high reward! 👀MSTR just went down to close a gap, and now it looks like it wants to react. In fact, now is a good time for a bullish reversal, as we are near support levels.
The problem is the 20ma, but the 4h chart looks interesting:
We hit a support level, and now we have a hammer candlestick trying to reverse the trend. The RSI was overbought, but after today’s drop, it is back to normal.
I wouldn’t say it is a buy right now, but we must keep our eyes open. In the daily chart we are just above the 20ma:
If MSTR breaks the 560 again, it can go up for the 650 next. But if it loses the 513, then it’ll keep pushing down to the 420! . Let’s wait for a confirmation here on MSTR! Also, with the proper risk management, everything is possible ;)
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.