MicroStrategyShort
Final Leg of Epic Run - Blow off top reaching climax
Updated
Microstrategy has exceeded all expectations, smashing past previous all time highs along with Bitcoin. As Bitcoin approaches 100k, now is a good time for bears to consider where they can short Microstrategy in the event of a pullback.
I think this is setting up an opportunity for an epic short opportunity, not one that I will be immediately jumping into as I don't advocate shorting all time highs. However, if we reach my Fib extensions and if there is bearish divergences then this could be an epic drop.
It looks like this is the final 5th wave of a larger 5th wave Supercycle, the blow off top is almost complete. I'm waiting for a change in market structure. The price range of $530 to $650 is where I see the drop starting, I will wait patiently for the short trade. I will also be paying close attention to the Bitcoin price action.
Not financial advice, do what's best for you.
I think this is setting up an opportunity for an epic short opportunity, not one that I will be immediately jumping into as I don't advocate shorting all time highs. However, if we reach my Fib extensions and if there is bearish divergences then this could be an epic drop.
It looks like this is the final 5th wave of a larger 5th wave Supercycle, the blow off top is almost complete. I'm waiting for a change in market structure. The price range of $530 to $650 is where I see the drop starting, I will wait patiently for the short trade. I will also be paying close attention to the Bitcoin price action.
Not financial advice, do what's best for you.
Trade active
Trade entered at $540, stop loss at $550. I expect whipsaw action before the final confirmed drop.
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