MicroStrategy
Long
Updated

MSTR - Next Wave Up

198
Just made a new high.

That is likely a clue of what happens next with Bitcoin.

It was a running 3 wave 1:0.618 Golden Window correction.

That is a weak ratio and ideal for a continuing uptrend.

But most importantly it was a re-test for support:

snapshot

That dip buy was there to be gobbled up.

If you didn't see it then this probably goes up and up from here 👍.

Not advice
Trade closed: target reached
Has printed a very strong trend but it rarely moves in opposition Bitcoin and is also influenced by Nasdaq.

Its not entirely determined how it will open but with Bitcoin dumping and Nasdaq wobbling, I will be fully exiting my remaining position at first opportunity unless there is a big turnaround.

If Bitcoin and Nasdaq open where they are now then likely MSTR will gap down at open.

snapshot

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