MSTR
Institutions entries and BTCMSTR GBTC BTC BWB
29k~32k range can represent a major support
Question:
Given macro and geopolitical conditions, would institutions snap-in at their entry range? Did they sold already?
if institutions already sold and don't want to re-buy at this range, we would go sub 28k.
I am sure inflation will stay longer, after this sudden deflationary event on assets, it is likely BTC stop to bleeding making a capitulation bottom.
$MSTR Bounce to ShortNatural covering/buyers here. Could see the lows get taken out and get shorts really worked up and emotional only to squeeze them out back to low $400s where quarterly vwap sits and is curling down. Would be a perfect way to trap new longs and also shake out the shorts looking to freeload and ride the momentum downwards. Some of this depends on BTC spot, some depends on the Q's and where the FOMC decision takes us tomorrow. IMO not a good company, pretty ugly balance sheet and I wouldn't be shocked to see this eventually go much much lower. As with intraday movements on anything tradeable, when price keeps probing lows and highs it doesn't not usually do so to bounce/reject like many retail is taught to buy/short at similar levels. It creeps around these levels to BREAK them even if momentarily, get everyone off sides and THEN make the real move up or down. Good luck.
NASDAQ:MSTR Bear of The DayMicroStrategy Incorporated provides enterprise analytics software and services worldwide. It offers MicroStrategy, an enterprise platform, which provides a modern analytics experience by delivering insights across multiple devices to users via hyperintelligence products, visualization and reporting capabilities, mobility features, and custom applications developed on the platform; analysts and data scientists with seamless access to trusted, governed data directly within their tools; and APIs and gateways, multiple deployment options, enterprise semantic graph, scalability, and security. The company also provides MicroStrategy Support that helps customers to achieve their system availability and uptime goals, and to improve the overall experience through highly responsive troubleshooting and proactive technical product support. In addition, it offers MicroStrategy Consulting that provides customers with architecture and implementation services to help them quickly realize results, and helps to achieve returns on investment derived from understanding of data; and MicroStrategy Education that offers free and paid learning options. The company provides its services through enterprise sales force and channel partners. It serves companies from a range of industries, including retail, consulting, technology, manufacturing, finance, banking, insurance, healthcare, education, and telecommunications, as well as the public sector. The company was incorporated in 1989 and is headquartered in Tysons Corner, Virginia.
MSTR looking to re-enter a SHORT position BTC breaking downMSTR's Michael Saylor is a FOOL. As a publically traded company he is a fiduciary and has a mandate to act responsible. Borrowing $2.5 billion dollars the company bondholders and shareholders are on the hook for to speculate on shitcoin will be the downfall of MSTR. I suspect there is (or SHOULD BE) an ongoing SEC investigation which could potentially bring indictments and a receivership of MSTR being setup to liquidate what's left of the companies assets and make the shareholders as whole as possible. Buying Bitcoin is no different that if Michael Saylor borrowed this money to buy lottery tickets, baseball cards, a 300 foot yacht. It's unlawful and not part of the overall business. MSTR will be under water soon as bitcoin continues breaking down because it is GARBAGE and has ZERO intrinsic value whatsoever like the other 18,000+ alt shitcoins. Attorneys, litigation, lawsuits, class actions will cause MSTR to be INSOLVENT.
Is BTC Going To 70k By EOY? Here's What I think. Good afternoon traders, I hope everybody's week is off to a good start!
So, I was perusing around the markets looking for my next play and I came across BTC's weekly chart and I couldn't ignore this gem. I think that we are sitting in the short term bottom of BTC and that it's very likely that we will see another rally into the end of the year. That being said, I know that the markets are crazy right now due to recent events, inflation, etc. However, from a pure TA standpoint I think that this is an absolute layup when partnered with BTC backed stocks such as $MSTR and my personal favorite $RIOT. We can see that we are beginning to cup in the weekly and hovering around our established support levels (typically indicative of an incoming uptrend and EMA cross).The circles on the RSI highlight a pattern that I've noticed. As you can see the last 3 times RSI entered this level it rallied the following days / weeks. Could be a coincidence but I figured I would explain my thought process.
I've noticed that $RIOT tends to almost always correlate very closely with BTC's movements even on a daily basis and we could grand slam some cheap calls down the road with them if we can see a similar pump to what we saw in Feb. - Mar. 2021.
I will be looking to load up on cheap OTM calls on both of these stocks both within the Jan 20th 2023 options chain. (This is my opinion only, not financial advice. DON'T copy me)
Thank you guys for all the support so far, and let me know if you'd like to see more of my ideas within the crypto space as well.
-Flippa.
#MSTR showing us the way for #BitcoinWill it Break the current bear flag that is forming?
How it performed during the Tech wreck (like all tech stocks)
which had no earnings , but relied on future projections of user growth ( eyeballs & clicks )
Lower prices seem inevitable if his #Bitcoin holdings go into the Red
Michael Saylor is a fool= any rallies are to be SOLD!!Anyone buying Bitcoin is a fool. It has NO INTRINSIC VALUE! Michael Saylor's Microstrategy has gambled billions of borrowed dollars on this garbage which has dwarfed the companies earnings against it's Bitcoin losses. Bitcoin is going to ZERO! It will NEVER EVER EVER replace the US Dollar. The US Government would ban it as contraband first. They allow it's existence solely to TAX the profits from the pump and dump scam. Bitcoin will ultimately bankrupt this company and it's delusional leader!
Bitcoin The greater fool theory in play here....... Bitcoin is one of over 12,000 shitcoins
The old adage: "If you believe that I have a bridge to sell you". 20 years from now it'll be replaced by: "If you believe that I have some Bitcoin to sell you".
The difference between the bridge and Bitcoin; the bridge has value, can be seen, touched, dismantled, recycled, can be turned into a toll bridge and produce income. Bitcoin is fiat, intangible, has no value, backed by nothing, tracks nothing, is nothing but a giant pump and dump global scam. Can it go higher? Sure! However, that makes it no more relevant as an investment than a lottery ticket. Today there are over 13,000 alt coins in the Crytpo market, all purporting the same level of "scarcity".
With the Federal Reserve printing currency and monetizing deficits by the tens of trillions there will be a dollar crisis and a Great Depression 2 in my lifetime. Since 1971 the US dollar which is pure fiat, backed by nothing and sooner than later will collapse when kicking the can down the road no longer is sustainable we will have to pay the piper. I hear people demanding more stimulus, the same people who are complaining about the cost of everything spiking and supply shortages. Well, DUH! You give people free money they're going to spend it causing artificial demand on a constrained supply chain. This is a direct result of the inflation courtesy the Federal Reserve. Inflation is money printing.
The Bitcoin= BITCON community has a compelling well thought out intricate intelligent theorem articulating why the US dollar will ultimately collapse, but where they are sorely mistaken is the US dollar will never be replaced by more fiat, especially something as volatile as this scam which can fluctuate 30 percent in hours . The gold standard will return once the US dollar collapses. BITCON pumpers purport the Federal Reserves of the world will be "forced" to buy Bitcoin, what a JOKE!!! They will never buy BITCON or any crypto currency. The US government (and world governments) will NEVER relinquish control, they will simply regulate BITCON out of existence if they feel in any way it could threaten their control over their respective collapsing currencies. Bitcoin and other crypto currencies- block chain fiats will be summarily shut down like Parler.
Bitcoin the CON has no uses, is not tangible, is expensive and inconvenient to exchange, is volatile, can be digitally hacked, lost or stolen and is going up for one reason. GREED!! Every gambler who is purchasing it in hopes to unload on an even larger sucker.
BTC exponential price range, oversold and cheap. BTC oversold. Fundamentals better than ever, several nations/governments recognizing and legitimizing on both micro (governors of states) and macro (entire countries) legislating in favor of bitcoin. Legal tender status. Tax advantages forming. End game likely when the federal reserve shows evidence of Bitcoin accumulation.
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.
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
Microstrategy Inc. Short Play- MSTR was down 17.84% for the day on Friday and down 254% off ATH's set in February 2021.
- Microstrategy Inc. have taken a company with $500M in revenue and book value of $500M earning 7% on equity and have borrowed $2.1 BILLION, sold $900M in Shares and Purchased $3.2 BILLION BITCOIN.
- MSTR is now a company with still only $500M in revenue but now has $2.2 BILLION debt, $550M in Equity and almost all of its assets in cryptocurrency.
- THIS IS TWNETY ONE TIMES NET DEBT TO EBITDA!!!!
- Market cap is at $4.1 Billion and falling fast, it was $13 Billion in February.
- Top 100 holders of MSTR include: Vanguard Group, Blackrock, Morgan Stanley.
Saylor vs. The SEC ...no winners here $MSTR #BTCInstitutional investors get hyper when they hear #SEC. Saylor and company told the SEC it used non-GAAP measures to give investors a fuller picture of its finances. If the company only showed declines in value, it would give “an incomplete assessment” of its Bitcoin holdings that would be “less meaningful to management or investors” in light of the company’s strategy to acquire and hold Bitcoin.
“We further believe that the inclusion of bitcoin non-cash impairment losses may otherwise distract from our investors’ analysis of the operating results of our enterprise software analytics business,” the company wrote.
3rd OF DECEMBER CHANGE - MICROSTRATEGY - MSTR - DAILYAn overall view of MicroStrategy company buying the BTC deeps and having his curve being more more correlated to the Bitcoin evolution.
We can see that overall , they were some FOMO in the first part the year 2021. But the price in finding support on an ascending probable trend marked by the green line.
The market rebonds on it every time that the Bitcoin went down. The 3rd of December have seen the market breaking the uptrend green line for the first time.
There is a probable horizontal very strong support which is in red. Next week will possibly be a major week for the MicroStrategy price evolution as it might evolve under the red horizontal super strong support. OR, do a strong pullback on it to try to find its normal uptrend.
Beware of volumes which are probably not that indicative. We have seen in the pass super strong volumes for not much price movement.
Not financial advice please do your own search.
BUY THE DIP? With Cathie Wood & Michael Saylor buying the dip doing so was almost compulsory. We have the best investors & best leaders in the space constantly voicing their opinions as well as their purchases. IMO there will never be buying opportunities like these again, specifically not at these prices. Unlike most of you, I survived the Bear Market/Sideways action of BTC from 2017 to 2020. The difference between me & most people is I never stopped buying while BTC went sideways seemingly forever. This dip is a discounted sale, but I'm also prepared to buy sideways for another three years if that's what it takes. The gains made in 2020 because of all the discipline were well worth the wait. Do you buy dips & sell tops, or are you a HODLer? Are you here for the money or do you really think BTC will change the world? Let me know in the comments!
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