MSTR Long -Daily is Testing the Daily 20 and 50 ema area
-Daily is in a clear up trend making HH / HL
-MSTR is highly correlated with BTC and Crypto in general which is currently in an uptrend as well
-Entry came at the break of the 1h wedge
-The wedge pattern could also be taken as a flag which is a reversal pattern (in this case going long)
-MACD
-Price is testing a good support level which once was a major resistance level at 290
-Expiration for 5/19 looking to take this to the upside
MIGA trade ideas
MSTR to 443,69 It's possible ?Hello dear traider,
Let's look to MicroStrategy .
1. We have bullish trend.
2. New hight.
3. At this moment do correction move.
4. At 262.5 whe have 50% FVG
5. Around 239-263 $ have :
- 50% fibo
- Fvg
- bullish cloud ichimoku
- bullish Order blok
But.......
1. Whe don't retest ob on 144$
2. 144-220 $ have big liquidity
I think we must w8 bulish I-CHoCH in 262.5 (15m chart) for future long position.
Remember trend your friend
With love from Ukraine
Your Cool
MSTR potential to run-up to $520 in a short amount of timepotential movement showing in the charts, and the movement is showing that it should be done come the mid/end of April.
This push up to 290-303, can potentially keep going with it catching support.
Important areas are marked.
Potential paths marked, but don't pay much attention to those, as they change really quickly. It's more important to follow the indicators, trends, and specific numbers.
That red/pink trend heading upwards is fairly strong, if it hits, I'd sell.
The Middle green trend is weak.
The bottom green trend is fairly strong.
I think this stock pushes back to 900 or more by early next year
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The Melt Up Moonshot The melt up moonshot...
The market is incredible miss positioned for this bull run, this is actually worse then 2020 as Fund managers had an entire year of stacking short positions for the coming recession.
Things like ATH Credit Card Debt and FED rate hike BS was feed to the masses and they ate it up, meanwhile all of my businesses(and everyone I know who owns a business) have been making record month after record month revenues.
Yes CC debt is at an ATH and Yes people have pulled a record amount of equity out of their homes and guess where it landed? Not in Amazon junk, that was 2021. In 2022 in landed in our pockets, main street is booming!
Take a look at MMF's, where main street business owners hold their cash before they need it. Its at a record high.
Let me ask you something, you think its gonna stay in a MMF for .5% interest? Or will it go into the stock market and get a 2% a week return in the s&p 500? My guess, the stock market.....
My position:
MSTR
29 $900 Calls for 12/15
5 $350 Calls for 7/16 - These will be rolled at $600 to increase leverage for the big move higher.
Future of MSTRI've had a position in MSTR for a few months now and even though it's one of the worst companies in terms of stability and providing rising returns to investors, I think that it has strong potential for a large upswing.
With the price of Bitcoin recovering and 28.36% of it's shares being shorted, I think that a short squeeze is imminent. I would even see it becoming the next AMC or GME if people start mentioning the corporate stupidity of Michael Saylor. I think that it's the riskiest asset in my portfolio and I don't intend holding it for long, I'm currently targeting the 600$-700$ range which is very possible if Bitcoin claims back it's previous highs.
Finally, I don't think MSTR has much of a future, their entire existence is based on Bitcoin which at the moment isn't the most stable. To be totally honest, there are barely any fundamentals behind my position, just hopium.
MSTR hitting support but then further downside to fill the gap.Okay guys look at this beautiful chat.
Here you are looking at MSTR on the Daily TF and you have a lot of stuff going on.
Notice the wedge pattern that is forming from the down slopping (yellow) line and the parallel (green) support line. That is forcing action to the corner of the wedge.
You will also notice that before the continued downward movement in the stock there was an attempted breakout (purple box). Now, this is where most investors would have jumped on board and though that this was a true break out, however there wasn't any confirmation.
Without confirmation there isn't a true breakout.
Also notice how the big gap up represented by the green line is now serving as a major support and goes back to 2020. This line has been tagged times now and is beginning to weaken.
Once the green line is weakened enough it will break and head down to the gap fill (represented by the blue line) and you will see a bounce off of that level.
We will continue to monitor the progress of this chart and see if there is enough bullish price action to get through the yellow resistance line or if the bears will win and fill that gap.
Let me know what you think will happen.
Cheers,
Can MicroStrategy go Bankrupt?MicroStrategy's average cost per Bitcoin is around $30,639. MicroStrategy holds 130,000 Bitcoin. Can MicroStrategy go Bankrupt? I guess it all depends on the price of Bitcoin. In any event, here's a MSTR & BTC comparison 1-day chart with my tickerTracker MFI Oscillator set to fib21.
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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Trend, patterns, momentum
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+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
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MSTR will be bankrupt should BTC fall down to $5.5k. Target $3.MSTR shareholder equity other than BTC is about $400mm.
They own $3.7B worth of BTC as of today which would be worth $580mm at $5.5k per BTC.
Total equity at $5.5k per BTC: $1B.
Total debt they raised to buy BTC: $2.2B.
Once BTC crashes down to $5.5k their equity will be -$1.2B, should they sell "intelligence" part of the business for $1B equity still would be negative.
On a side note we have a perfect abc correction upward with a bearish divergence which implies crash down to about $3 per MSTR stock.
Head and shoulders on Microstrategy (MSTR)The chart shows a high probability of a significant drop of value - complete failure? - of Microstrategy.
Fortunately, a similar head and shoulders is not visible on the underlying asset held by MSTR, #bitcoin. That said, MSTR does hold a leveraged position in #bitcoin, so the possibility of default is real. It's just not as real as indicated by this chart. I suspect this is a rare case ( ~ 20% chance) that the H&S pattern fails; hence, I am neutral on this asset.
Not a good look. Prob. a good time to buy the fear.