MIGA trade ideas
333 by July 14I call this a bullish swivel. $$$ squeeze setup about to unfold for a lot of names.. MSTR could hit 330s in the next couple weeks. We have seen what it can do in the right environment last Jan., Saylor knows - this could go way above 330s if this gets triggered.
Here's examples of the pattern:
-------------------------------------------------------------------------------------------------------------------------------------------------------
MSTR has been attracting shorts and they'll pay no doubt. The bulk of this data is from shortsqueeze.com
Short Interest Ratio (Days To Cover)
3.9
Short Percent of Float
~ 37.7% (maketwatch, unknown or not listed on shortsqueeze.com)
Short % Increase / Decrease
7 %
Short Interest (Current Shares Short)
3,460,000
Shares Float
Unknown
Short Interest (Prior Shares Short)
3,230,000
MicroStrategy still heading sub $100I still think we will se a last trip down in the $BTC price before heading for $30,000 per coin.
No doubt that $MSTR is extremely sensitive to that PA. Which is also why this stock will become extremely valuable once $BTC travels to new ATHs.
Not only does the company own a ton of coins, but they also have the #1 advocate and spokesperson for Bitcoin as their CEO. That's why I can easily see $MSTR outperform $BTC in this cycle.
I've got a chunk of fiat side-lined for when we enter the drawn box. An area in which the stock has spend quite a lot of time in in the past.
6/26/22 MSTRMicroStrategy Incorporated ( NASDAQ:MSTR )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: $2.321B
Current Price: $205.44
Breakout price: $222.50
Buy Zone (Top/Bottom Range): $195.30-$135.90
Price Target: $404.50-$418.10
Estimated Duration to Target: 99-103d
Contract of Interest: $MSTR 10/21/22 220c
Trade price as of publish date: $44.80/contract
MSTR: About that margin call...2 bottom signals b2b on Cipher bouncing off the 1.618 fib at $136 should indicate that a temporary bottom is being set here for MSTR and probably bitcoin as well. Relief rally incoming back to the 1 fib level/Yearly VWAP at $278. Last week's barrage of FUD was strong ranging from MSTR's supposed margin call to Celsius's liquidity concerns.
That being said, the bear market is just getting started for MSTR and BTC as shown by the weekly money flow deep in the red.
Microstrategy to sub $100 per stockGive me one good reason as to why $MSTR should not visit the lows of this fibonacci retracement .
Right now you can't.
Will it see ATH again? "Absolutely". But it will continue to bleed along $SPX and other stocks.
Good to hear Michael Taylor assure everyone that they will be fine no matter have bad $BTC will dump.
$MSTR short the bounceWith bitcoin looking to bounce and $MSTR trading below its base value in bitcoin I believe it will have a bounce but likely find resistance in the low to mid 300s at the resistance trend line of the downtrend that is forming. Since $MSTR is leveraged up on bitcoin I would expect to see them drop a lot more then Bitcoin. If bitcoin eventually goes low enough its possible for MSTR to go bankrupt so I believe they are a good way to get exposure to shorting the crypto space.