Looks ready to continue correction and retrace back to 140With everything oversold, sentiment neutral, indicators one-sided, and a correction, many things that could make this a go down 10-15%
MSTR trade ideas
MSTR/BTCHi, this chart is Microstrategy denominated in Satoshis. You can see that I changed the currency in the drop-down menu in the top, right-hand corner. So what do we see? Saylor turning bullish sats. It’s always wonderful to find something that is bullish sats, because if it’s not bullish sats, then there’s no reason to be in it. CIFR is also looking like it can turn net bullish Sats, so I have a position in that. And now, Yesterday, I have a position in MSTU, which is 2XMSTR ETF with a 2% daily decay. One strategy might be to sell MSTU when MSTR/BTC reaches your upside target. That is $770 MSTR at today’s Bitcoin price, or $1500 MSTU, and it’s $44 at the week close. Good luck out there traders.
MSTR Call Options I think this is a perfect opportunity for MSTR Calls.
Bitcoin is quiet, at a local minimum, everyone is desperate. The bottom may not be in but it's definitely close.
Options are problematic because of timing. I rarely use them but in this case I believe that the benefits far outweigh the risks.
I bought some options on friday but I'm getting some more options with 1-2 months until expiration.
Opening (IRA): MSTR Nov 15th 121 Monied Covered Call... for a 111.20 debit.
Comments: High IV (88.8%). Selling the -75 delta call against stock to emulate the delta metrics of a 25 delta short put with the built-in defense of the short call.
Back into MSTR after taking off my previous November setup in profit. (See Post Below). This has earnings on 11/6, so I'll be looking to take it off before then ... .
Metrics:
Buying Power Effect/Break Even: 111.20
Max Profit: 9.80
ROC at Max: 8.81%
50% Max: 4.90
ROC at 50% Max: 4.41%
MSTR is well prepared for a BOOM season -- may retest 450 soon!MSTR has corrected extensively since peaking at 450 range last July. Now, LONG POSITIONS has started accumulating at the current price range based on daily metrics.
Significant net buy volume has been registered -- almost overtaking average numbers this past few days. This a definite sign that a new base is currently being cemented for a new ascend movement soon -- for the long term.
It is currently bouncing off a 78.6 FIB level with precision - a major order block support.
Expect some significant upside volatility from the present levels.
Spotted at 325.0
TAYOR.
Safeguard funds always.
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SOME RELATED NEWS:
MicroStrategy Bought 5,445 Bitcoin for $150M Since August
The software ompany now holds nearly $4.68 billion worth of the largest cryptocurrency by market capitalization.
By Shaurya Malwa
AccessTimeIconSep 25, 2023 at 8:25 p.m.
Updated Sep 26, 2023 at 12:40 a.m.
Software developer MicroStrategy (MSTR) purchased nearly $150 million worth of bitcoin (BTC) between Aug.1 and Sept.24, it said in a Monday regulatory filing.
"MicroStrategy, together with its subsidiaries, acquired approximately 5,445 bitcoins for approximately $147.3 million in cash, at an average price of approximately $27,053 per bitcoin, inclusive of fees and expenses," the company said in the filing.
MSTR returns to a bullish status ? What a hype on the tech values !
After a correction and a consolidation materialised by the range, MicroStrategy will return to a bullish status ?
My idea is the following :
- Technically, we have break the most important Fibonnacci's value : 61.8%
- Fundamentally, all economic figures are in green (inflation decreases, rates too).
That's why I will trade this stocks by waiting the pull-back on 61.8% with the following inputs :
- SL just below 50%
- TP #1 is 100% of Fibonnacci movement.
- TP #2 is the all time high
This is a short-term trade as a swing position - not an investment idea.
Take care GUYS !!
MSTR : 100% retracement done , now time to move upThis is what I found in most bullish and bearish retracements , once you get 100% retracement of up or down move then next level is normally 1.618. Have fun!
Opened (IRA): MSTR October 18th 119 Monied Covered Call... for a 110.75 debit.
Comments: I don't do a ton of single name in my IRA, but with earnings in the rear view and 30-day IV at 81.7%, taking a "poos and giggles" trade here, selling the -75 delta call against shares to emulate the delta metrics of a +25 delta short put, with the built-in defense of the short call.
Metrics:
Buying Power Effect/Break Even: 110.75
Max Profit: 8.25
ROC at Max: 7.45%
50% Max: 4.13
ROC at 50% Max: 3.72%
Main Focus List Review 9-10-24 13 minutesGoing over our Main Focus list looking for A+ setups and how we can position for the upcoming CPI tomorrow.
BitCoin Update - Pre NFPTaking another look at these charts. Probably wont do another BTC update until something new happens.
Main Focus List REview 9-4-24 6 MinutesGoing over our Main Focus list looking for setups and A+ trade opportunities.
Nvda to $82Chart says it all, based on technical analysis.
This is not a financial advice for anybody.
Is Michael Saylor in prison yet? MSTR SELL SELL SELLA fool and his money are soon parted, the problem is, it's NOT HIS MONEY he's gambling with!!
What kind of irresponsible ceo gambles with investor funds and borrows money to buy Shitcoin? Shitcoin will go to ZERO! When the margin calls come and MSTR is insolvent Saylor will be charged criminally. Stock is garbage like Shitcoin
MSTR Top 10 SPY Company in 2025.
Michael Saylor has taken the all in method in accumulating Bitcoin and allowing large institutions to front run the cheap credit cards using senior convertible debt bonds.
He bypassed the SEC regulations and jumped in front of BlackRock. Now Blackrock late to the party is slowly allocating global pension funds to the IBIT fund while the recessions fear spreads in the market.
Bitcoin has been in a sideways accumulation period for 6.01months, the last time Bitcoin has been in a sideways accumulation this long was in late 2012-2013. When the market turns around and comes to reality that Institutions are allocating for the next decade and aren't planning on selling the Bitcoin price will start to run harder than 2017-2020 combined.
MSTR - Will become the Berkshire Hathaway of Bitcoin's world.
MSTR owns 266,500 Bitcoin
Blackrock owns 357,771 Bitcoin
Fidelity owns 179,267
Its pretty clear retail are making the biggest mistake in the market cycle drip feeding the Bitcoin like its not about to be repriced over $200,000.
And its clear why Michael Saylor stock split MSTR.
When does the market turn? my guess is when Blackrock get the options approved on their Spot ETFs. Once this is initiated it will allow them to essentially rob the blind who short Bitcoin and they will start rising allocations betting on their fund and using the profits to buy even more Bitcoin. Welcome to Wall Street Bitcoin.
Main Focus List REview EXT 8-26-24going over our Main Focus list looking for clues the market left as to where it wants to go. looking for setups and those with RS to trade vs the weak. Extended Hours REview 8 Minutes.
Main Focus List Review RTH 8-23-24Going over our main focus list looking for clues as to what the market wants to do. today is Jackson hole. size down. no A+ trade setups no trades for us today. less is more.
MSTR August 16, 2024: Expecting A New Buy PointDuring the last 10 sessions (August 5 to 16, 2024) NASDAQ:MSTR has been attempting multiple time to move up a resistance of $140 without success.
Therefore, a decisive move up $141 and closing above it EOD would be a valid buy point.
Whether it will happen or not, depends on BINANCE:BTCUSDT , which I also posted a buy point in the related ideas section a few days ago. A buy stop order was placed but still not triggered so far.
Main Focus List EXT 8-22-24Going over our main Focus list EXT sorry guys forgot to post this. been very busy trading day. make good decisions and review the tape for the day. reflect on all your trades today. today is an excellent day to replay over and over and over again.
MSTR LongLarge bid absorption could be signifying a reversal from downtrend. Unless a big seller steps in this could run.
MSTR vs AMZNMSTR broke out of long-term resistance, similar to AMZN in 2010. Currently, it’s consolidating above the high and trying to form a base before continuing its upward trend. With the power of Bitcoin, MSTR holders may enjoy a long ride up in the next few months.
MicroStrategy (MSTR) are indeed several bullish indicator
Recent Price Action: The stock is currently trading at $133.04, up 1.11 (0.84%) on the day, showing positive momentum.
Technical Indicators:
Multiple "pocket pivot" points are visible, which are often bullish signals.
Several "MA crossover" points are noted, potentially indicating trend changes.
Future Projection: The green arrow pointing upward suggests a bullish forecast, with the price potentially reaching around $200 in the future.
Support Level: There appears to be a support level around $120-$130, which the stock has bounced off recently.
Volume: The volume bars at the bottom show some increased activity, which could support the bullish case if it's buying volume.
Financial Data: While recent quarters show negative EPS, the Aug 2023 report shows positive EPS of $0.15, a 102% increase year-over-year.
Market Cap: At $22.75B, it's a substantial company with liquidity.
RS Rating: The Relative Strength rating of 86 is quite high, indicating strong performance relative to the market.
However, there are some cautionary notes:
Recent Financials: The last three quarters show declining sales and negative EPS growth.
Volatility: The stock has shown significant price swings, with a high of $183.70 visible on the chart.
MSTR may not be advisable to go longBased on the chart analysis of MicroStrategy Incorporated (MSTR), it may not be advisable to go long at this time. Here are the key reasons:
Technical Indicators
Current Price (CMP): $131.28, which is below the 50 MA, 150 MA, and 200 MA, indicating a bearish trend.
Moving Averages: The stock is not meeting the criteria for a bullish trend reversal as per the Mark Minervini template.
Relative Strength (RS) Rating: 84, which is decent but not supported by other bullish indicators.
Earnings and Sales
Recent earnings show a significant decline, with a 478% drop in EPS and a 7% decrease in sales year-over-year.
Volume and Market Sentiment
U/D Volume Ratio: 0.9, suggesting more selling pressure than buying.
Volume Trends: Recent volume is lower than the average, indicating reduced trading interest.
Conclusion
The stock does not currently meet the criteria for a strong buy according to the Mark Minervini template, and the technical indicators suggest a bearish outlook. It may be prudent to wait for more positive signals or a trend reversal before considering a long position.
