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MicroStrategy Poised for Breakout NASDAQ:MSTR Today, I’d like to share my current perspective on the price action of MicroStrategy Inc. (MSTR). The data and technical indicators on the daily chart suggest a bullish scenario is unfolding. Let’s break down the analysis. Technical Setup 1. Symmetrical Triangle: The price action has formed a symmetrical triangle, with a potential breakout to the upside. This formation often signals a continuation of the trend when combined with supporting indicators. 2. Oversold Conditions: Indicators such as MACD and Stochastic Oscillator show the stock emerging from oversold territory, which supports the likelihood of an upward breakout. 3. Double Bottom Pattern: A clear double bottom pattern is forming, indicating a potential reversal of the recent 40% correction from the high reached on November 21, 2024. Key Price Levels • Current Price: Around $400. • Breakout Target 1: $550. • Breakout Target 2: If the breakout sustains momentum, the price could reach $700. Entry Strategy: • Buying at current levels ($400) appears reasonable, given the technical signals. • Place stop-loss orders according to your risk tolerance to protect capital. Bitcoin Correlation Given MicroStrategy’s substantial Bitcoin holdings, it’s essential to note the formation of an ascending triangle on the Bitcoin chart, which suggests a continued rally. This correlation adds further confluence to the bullish outlook for MSTR. Catalysts There are also market rumors that on Friday, November 13, MSTR might be included in the Nasdaq Index. If confirmed, this event could serve as a strong catalyst for upward momentum in the stock price. Conclusion: The combination of a symmetrical triangle breakout, oversold conditions, a double bottom pattern, and potential macro catalysts presents a compelling case for a bullish move. Disclaimer: This analysis reflects my personal opinion and is provided for informational purposes only. It is not intended as financial advice or an investment recommendation.
NASDAQ:MSTRLong
by NORD25
Master AccumulationWyckoff Spring: This setup is like the stock market's own version of a magic trick. It's when the stock price dips into a "zone of support" (the lower purple area) and then springs back up, suggesting that the price might be about to take off. It's the financial equivalent of watching a diving board bend before someone launches themselves into the air. The Phases: Wyckoff Phase A (Preliminary Supply): Here, the stock is like a balloon being filled with air, showing initial resistance before it pops into action. This is where accumulation starts. Wyckoff Phase B (Secondary Test): This phase is like the balloon being squeezed and released repeatedly to see how much pressure it can take. The stock tests the waters, going back to the support and resistance zones. Wyckoff Phase C (Spring): The critical moment, like when the balloon almost touches the ground but doesn't pop. The stock dips into the support zone but then springs back, indicating a potential upward move. Wyckoff Phase D (Upward Movement): Finally, like a balloon released into the sky, the stock price starts to ascend, signaling it's time for the bulls to take over. Zones of Support and Resistance: These are like the invisible walls that the stock price bounces off. The "Zone of Support" (bottom purple area) is where sellers might hesitate, and the "Zone of Resistance" (top purple area) is where buyers might pause. The Five Points on the Chart: Each numbered point represents key moments in the Wyckoff setup, from the initial dip, tests, the spring, and the eventual break upwards. It's like marking the chapters in an epic saga of price movements. The Trend: After the spring, if the stock breaks through the resistance, it's like the hero overcoming the final obstacle, signaling a new trend might be starting. In essence, this chart is like watching a financial ballet, where each move is calculated, each step deliberate, aiming towards a grand finale of price movement. For traders, recognizing these patterns is like having a backstage pass to the market's next big act. Remember, in the stock market, as in life, the spring is the thing that precedes the leap!
NASDAQ:MSTRLong
by globulltrader
The Case for a 76% drop on MSTR: Norms of fib levels in a trend.If you draw a fib from the high to the low of the 2022 drop in MSTR, you'll see we have now completed all of the fibs of this swing. In this post we're going to take a detailed look at two things; 1 - How a trend typically forms heading into a 4.23 extension. 2 - What typically happens at 4.23 extensions. Everything we cover here will be generic rules for trend development. It's equally valid on bull and bear moves (we'll use examples of both) and it can be used on any timeframe. We're going to stick to big charts for this but these same concepts also scale down to day trading. We are going to look at these specific hypothesis'; 1.27 - 1.61 will produce some sort of pullback. The breaking of 1.61 will produce a steady trend to at least 2.20. Around 2.20 - 2.61 there will be some sort of reaction. The move from 2.61 to 4.23 is very strong. 4.23s can mark the end of major moves. These conditions in MSTR are marked into the chart pic. Let me show you another example on a bear trend to get us started. This was the last bull swing before the 2007-2008 reversal. We're using the topping swing for our fib. We can draw this really early as soon as we see the first possible break. We drop to the 1.61 and then we bounce. It looks like a recovery in real time. Then once the 1.61 is broken we drop quickly to the 2.20. Look closely here. The move to the 2.20 isn't the big red candle. There's a wick. That tells us this was a flash event. Crashed to the support, rapid bear trap. Filling our conditions of the expectations of a 1.61 break and the reaction 2.20. The wick candle pullback went to around 1.61 and then there was capitulation when the 2.61 was broken. We get to the the Final Boss of the fibs. The 4.23. There's a head fake under it and then a recovery back over it. And the 2008 crash is over. Want another one? Here's BB. The pattern expressed over a very long time. Full booms and bust. Saw a lot of these patterns in 2021. Imagine if you could have used the same playbook we can observe on the all time BB chart and used the same set of rules to understand all the key parts of the 2021 trend. That'd be weird. Attached is a pic of the real time 2021 mention of fading the BB rally at the 4.23 (just to show this isn't just perfect fitting after the fact). Let's jump back to another low. Here was the BTC low. Or a bull one. What Happens at 4.23 Fibs? Most of the time when 4.23 fibs are hit there is a large correction or a full blown reversal. Cases of 4.23's breaking without retesting the 1.61 - 1.27 (and that's a crash, big move) are rarer. In the times there is a 4.23 breakout, the following trend is usually exceptional. When looking at big instances of failed 4.23s they're usually found around the middle of a bubble or crash (depending on if it's a bull or bear break). It's much more difficult to show examples of the failed ones without being able to zoom in and out a lot, but you can look for them in places like the Nasdaq bubble, NVDA rally and in failure points of uptrends heading into crashes. Almost invariably, the trend goes into a state of hyper performance if the 4.23 is broken. However, if it is not broken - then we're usually going to ultimately end up spiking out the 1.27 fib. Which round trips most of the move. If MSTR is a 4.23 blow off, it's give up most of the gains of the recent rally. That is inside of the bullish perspective. The correction comes to 1.27. If 1.27 fails, then you can end up with that lifetime BB chart. Action around the 4.23 itself is fraught with caveats when it comes to actionable trading. You have to always have the assumption that if you're wrong you're going to be betting against a punishing trend and you have to be risk cautious and quick to get out / plan new levels. It always has to be remembered if wrong, the fade will fail spectacularly. Further complicating things is we really can't be sure what sort of 4.23 head fake we're going to get. There are times we reverse right at the 4.23. Or come up a bit shy of it. Other times we make a nominal head fake that you could have started betting against almost as soon as it got passed the level and it went nothing but well for you. Then there are the super blow offs. BB was somewhere in the range of 20 - 25% blow off. I remember this well (I'd shorted the 4.23 touch) it only lasted an exceptionally brief amount of time and was ultimately the Mother of all wicks but if I'd be fully exposed to all that price move - wouldn't have mattered. I'd probably have got nailed before it. When it comes to the actual tactical betting on a 4.23 reversal, it's tricky. The core underlying theory of the 4.23 decision is a simple binary one though. Usually when the 4.23 is hit we're going to head into hyper trend conditions. These can be higher (and this is hard to quantify targets for with fibs) or they can be crashes (which we can usually roadmap with the 1.61 - 2.20 - 4.23 thing). Extremely polarizing level here. Either all fib bases bear cases are entirely annulled for the foreseeable future or a drop of about 75% is setting up. The 4.23 pullback/reversal is the far more common outcome. ==== Bonus doom posting:
NASDAQ:MSTRShort
by holeyprofit
16
MSTR starter long off low 370smajor confluences at this level include: - top of daily uptrend channel from september - several large clusters of institutional prints from late november which will need to be tested - 1hr 325 SMA - 1hr liquidity zone will be grabbing shares only at 33% allocation. if price fails this region will add another 33% at low 350s which is the middle of that channel and #13 ranked institutional print since inception. final 33% will be added at low 340s which is a strong local low and the #2 ranked institutional print of all time for MSTR.
NASDAQ:MSTR
by soulunveiled
4
MSTR following up with the bulls,dont try to counter the market!MSTR has been doing fantastically, so in the mid/short term overview until End of December / End of January - I am forecasting the bull run in crypto to continue, and as follow the bull run would continue with MSTR as well due to the fact as how centered they are with BTC. Entry on market open - Target 1 : 460$ per share Target 2 :560$ per share As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
NASDAQ:MSTRLong
by DG55Capital
MSTR Breakout Alert: What's Next? Dec. 5Technical Analysis & Price Action: * Current Trend: MSTR has shown a sharp breakout above the downtrend channel, signaling bullish momentum. The price is approaching key resistance at $419. * Support Levels: Immediate support lies at $410. Below that, $400 serves as a psychological and technical level. Stronger support is seen near $393. * Resistance Levels: Key resistance stands at $419. A breakout above this level could target $430-$440 in the near term. Liquidity Zones & Order Blocks: * Liquidity Zone: Between $393-$400, where buyers have consistently stepped in to support the price. * Order Block: Around $400-$410, reflecting potential institutional interest. Scalping Gameplan: 1. Entry for Scalping: * Long Entry: Above $419 on high volume, targeting $425-$430. * Short Entry: Below $410, targeting $400 and $393. 2. Stop Loss: For longs, place stops at $410; for shorts, set stops above $415. 3. Exit Targets: For longs, partial profit at $425 and final exit near $430. For shorts, aim for $400 with reassessment at $393. Swing Trade Strategy: * Bullish Setup: Enter above $419 with a close above this level, targeting $430-$440. Set a stop-loss at $410. * Bearish Setup: If the price breaks below $393, consider shorting with a target of $380-$370. Suggestions & Projections: * MSTR's breakout from the descending channel is a strong bullish signal. However, watch for volume confirmation at $419 for further upside. * If the stock fails to hold $410, a pullback to $400-$393 is likely before the next leg up. Thoughts: * Scalpers should focus on the tight range between $410-$419 for quick moves. * Swing traders might wait for a clear breakout above $419 or a retest of $400-$393 for cleaner setups. Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.
NASDAQ:MSTR
by BullBearInsights
4