1MSTR trade ideas
Is Microstrategy Squeezing Toward a Breakout?Cryptocurrencies are in focus this week as Coinbase prepares its direct listing tomorrow. Meanwhile, another early mover in the space has some interesting chart patterns: Microstrategy.
Notice how MSTR has squeezed into an increasingly tight range since its big rally in February. Bollinger Band Width has contracted to 28 percent, its lowest reading since mid-December.
The narrow price action is also visible on this weekly chart. Notice the inside candle at the end of March, followed by continued moves higher:
Next, MTSTR is trying to break a downward-sloping trend line in place since late February.
Finally, MACD has been turning positive all month.
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MSTR is PUMPIN 🚀 Target +$1200MSTR has broken out of resistance. Look for target along BLUE trend line in the next few days.
Wait for breakoutWait for entry after the YELLOW resistance line has been broken upwards.
Target is the BLUE trend line.
If Bitcoin is still raging upwards and we clear the BLUE trend line, then the upper GREEN Trend line is in play.
MSTR - Weekly Inside HaramiDaily 2b bottom, Strong range bond accumulation on daily
wait for a pull back to bid long, queue 4 hour lower high
Weekly aforementioned, oversold per ichi, buying opportunity
Opportunity in long date in the money calls; July would be the earliest, yet theta and time risk premium will affect R/R
IV - 8.8%
ATR 70.47
Moderate beta at 1.45
PCR 0.35 extreme bullish sentiment
BULLISH ON BITCOIN AND MSTRUnless there is a market collapse. This can easily reach 3000+ per share.
Please thumbs up if you like my chart!!!!!
The ride continue for MSTRAn alternative time to bet on the rise of bitcoin is to buy companies that have part of their liquidity in BTC. MicroStrategy holds 90,531 bitcoins. A bet that could pay him big if cryptomoniac continues to rise
Microstrategy $1400 Target - simple chartNotice, each time we enter the bottom of red Ichimoku cloud, we come out the top of that cloud and rally?
MSTR Daily Long 13CCI tlb triangle apexMSTR Daily -13 CCI has a Long signal just triggered with a cross up thru a down trnedline on CCI for an aggressive Long at 773. The continuation of Up is favored by location of two CCI triangle apices being above zeroline.
More conservative traders may wait for a breakout above the swing high dotted line, to avoid any possible continuation of zigzag retracement down to the swing low solid line or lower.
Check out 16 Apr 750 Call for 107.00, 21 May 780 Call for 145.00. Feb 20021 high was above $1300
Reversal would be a 13 CCI break down through an Up trendline (not shown, to retain clarity)
BITCOIN vs MicroStrategyAt the moment, Bitcoin is growing, consolidated above the psychological mark of $ 50,000, the shares of MSTR, following the growth of Bitcoin, turned into a bullish rally. Enter on retest level 815, move potential 20%, stop 2%, after passing the first 3% we set without loss. Exit in parts. We constantly monitor the movement of Bitcoin to correct the exit point from the position.
Speculative company to lose its shirt in the Bit-casinoThis is clearly not a serious company. It has been run so poorly that all its business activities consist of speculating on bitcoin.
When bitcoin drops, this company (since it's borrowed money to buy bitcoin) can have negative equity.
I hope it doesn't turn out that some of its executives have been pumping their own books.
MSTR 1000-1200 3/19.Closed above bearish / neautral zone. 800 critical level tested today. Cup & handle. 26% short interest. BTC all time highs this weekend / next week. MM's don't inverse me please <3. Bullish.
MicroStrategy BreakoutMicrostrategy this morning purchased an additional 262 bitcoins for $15 million. They now hold more than 91,325 bitcoins. Given the rise in Bitcoin and the bull flag breakout on the MSTR chart, we believe the upside potential is greater than the downside risk. - HH
$MSTR MicroStrategy Reversal trade Setup
OMG what a horrific selloff but it is possible that
yesterdays low on the Monthly candle support will hold
and set up a relief rally.
short term target for a bounce is $800 where strong
historical resistance comes into play.
MSTR 4HRBullish BAT
Vertical dotted line is ULTRA HIGH VOLUME i.e Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling
RSI must be over 30 & Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
Potential Buy
