MSTR's announcement of a convertible note to buy yet more BTC seems to have put pressure on the name - presuably people shorting it while buying the convertible bond. This has formed up with a pretty text book looking bull wedge. This has a day or two to break to the upside - so long as BTC actually holds up, I see this going to 1000 or higher in the next few days.
MSTR is basically "Bitcoin ETF", there is no way MSTR does not go up from now, Michael Saylor knows what he is doing...
ADDED to my BTC trade position here. Ascending Triangle breakout around 49.8K. Volatility Contraction pattern printing on 1 hr and 4hr charts. Strong news about Microstrategy issuing debt for more bitcoin purchases (900 Million). www.coindesk.com Coiling up like a furious snake. Is it possible to fail here? Yes, but Michael Saylor just announced a 900 Million...
Microstrategy owns more than 70,000 Bitcoin on its balance sheet! We are getting a correction trace back to its .50 or .618 levels in this potential bull flag. After which, we believe it to reach to the top of the resistance. - HH
This canadian bitcoin miner has formed a nice cup and handle on the 4 hour and daily chart. I prefer handles that do not go past the 50% Fib retracement. Potential catalyst would be uplisting to Nasdaq exchange from OTC for US traders and the OTC symbol is HUMF. I like MARA RIOT and HUT here in bitcoin mining sector. HUT has $48 mill net cash , while Mara and Riot...
The bullish case for Microstrategy. I map some important technical levels to pay attention to. Sorry for the time it took to map some lines since Tradingview has this annoying bug and doesn't fully import saved settings of tool-templates.
as the title states some serious movement/confirmation today.... with a three day weekend coming FOMO and short-panic will set this up for another explosive week along with options expiring on the 19th... its fun to watch but would not consider selling anything under $200 a share... next week PT $15-20...
battling thru the shorts... why would you short a life changing company like BNGO?... i think in this case it is to accumulate it. either way you can't keep her down. Science always wins.
Here we clearly see support\resistance bands within the recent action of the stock. This is not advice, but may prove useful in your daily trading.
While everyone is chasing the "next thing" or focussing on short squeezes and pump and dumps... Quietly BNGO has emerged from the depths of penny land. While analysts will attempt to scare you out of this stock by touting a 1000%+ run, and touting it as a penny stock similar to ZOM, a look a little closer reveals the company is just retouching its IPO price from...
Microstrategy to fall to the light blue line. If the crypto selloff continues and bitcoin reaches targets from $24,000 - $27,000, we may see Microstrategy touch the red line before any upside movement. Once the upside movement begins, the rally will be fun to watch - HH
Microstrategy (MSTR) 300% up since adopting #BTC as primary treasury reserve asset
MSTR is heavily invested in BTC. It will follow the BTC market. If you don't want to buy BTC buy this stock.
struggling to cross 41k. want to see how tomorrow it closes. Weekly RSO already at 95+. Daily at 88+. Pump and dump coming
Buying $MSTR call options, given the company's sizable Bitcoin holdings, has been a convenient way to speculate on rising Bitcoin prices with leverage. It's not uncommon for the stock to appreciate +10% on a 5-8% Bitcoin move, and the corresponding calls 500-1000% or more. This trade requires a hefty risk tolerance, as it goes south rather quickly if Bitcoin pulls...
Microstrategy bullish idea for a massive 30% upside. Microstrategy allows the use of leverage to invest 2x your cash for larger gains. Comes with more risk but bigger gains.. Who doesn't want more gains? - HHAnalaysts .. We are not a finciancial advising company. Please invest at your own risk.