Bullish flag pattern on 4 hr chart. With BTC and ETH up 1 -2 % over the weekend, look for Crypto stocks to get a little pump on monday. Open interest for Aug 20 expiry - 3100 $35 Aug 20 calls, 4600 $40 calls. MARA MSTR BTBT are other bitcoin related names to watch.
The Trade: Buy call option on BTC or MSTR with the end of year expiration. *Potential gains: 100-150x *Odds: for you to decide, but IMO it's at least 10-20% which makes the expected return of 16 to 28x Why: I believe the BTC price to follow a predictable price cycle, driven by the halving events (every 4 years) which the halving of block reward cause a supply...
Well, maybe MSTR will give us another good chance to trade it! Recently I traded MSTR and made the trade public to you, just check it here (not all my trades are public, as I do many): This was a very easy trade to do, and MSTR is doing something good again! The breakpoint is the 625, and the target will be the 690. If we lose the 594, then the trade won’t be...
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...
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...
Death cross looks imminent and has a 🐻 flag look. As long as under $42K, risk to low $20K area still on the table $ETH $LTC $DOGE $DXY $GLD $TLT $TNX $PYPL $SQ $TLSA $MSTR #Trading #Crypto #Bitcoin
Rare are the one's publicly showing that they are going all in the bitcoin investment because of its volatility. Looking at the MSTR Nasdaq "Microstrategy" curve since 2020, we see a pattern looking like any small gem crypto chart pattern on any DEFI (Decentralized Finance) platform. It went up with lot of maze, became parabolic and ended with super volumes top...
If we compare the charts of MSTR and BTC we will find that MSTR is leading all of the BTC movements. Now BTC is consolidating around key level, but in the same time MSTR is confirming the downtrend
of 2021.. seems likely. #bitcoindominance #btc.d should show us the way a rise in dominance would be a clean-up of the space and provide ammunition for another altcoin run. #coinbase & #microstrategy should be on your watchlist as key indicators.
Idea for MSTR (S1): - Price is in a down Trend. - Price is making new lower highs and lower lows. - Clear Distribution pattern. - CEO Saylor make a grave error in doubling down on Bitcoin using junk debt. - I am short junk bonds. - Microstrategy's implosion will be extraordinary. - Shorter timeframe excellent short entry with good R/R: GLHF - DPT
so I've completely nailed this reversal and the supports. After 29k is lost, next up is 19k, then a range of 12k to 6k. That bottom could take years.
I will be all in if i see this price. What about u ?
Chart was very technical on the way up with flags. Looks like a domed top breakdown, which we watched backtest last week. Potential regime change in near-term $GDX $GDXJ $GLD $SLV $ETH $DOGE $TSLA $MSTR #Gold #Crypto #Trading 📈
MSTR in many ways has become a proxy for the bitcoin trade. With 91k bitcoin at an average price around 21k, the bulk of MSTR's market cap comes from it's bitcoin assets, not it's actual business. In many ways, this chart could resemble a descending triangle, but really we are just going to follow the bitcoin chart. While BTC hit my ~42k target today, I see it...
The stock just hit the green support line. To be conservative, I waited for confirmation and the stock has already climbed 100 dollars in the last 3 days. Now, assuming the trend continues, where the stock flits between support and resistance, an easy 220 dollars can be made in the next week or 2 (920-current price) Tell me what you think, like and follow:)
I explain why in the video.