💾 MicroStrategy Has More To Give!
Updated
In the past, now many years ago, we would have the "wait for the confirmation" crowd which turned into "wait for the earnings"...
MicroStrategy (MSTR) is trading below EMA50 weekly.
Is this a bearish or bullish signal?
Should we "wait for confirmation"?
Meaning, wait for it to break and close above EMA50 before taking action!
In a way yes, this can be done and there are many different ways to approach a trade, a market... Different trading systems and strategies, so it isn't a bad thing but, with a wider perspective, with so many tools, with so many charts, confirmation can be gotten for other places.
The markets evolve and we have to also evolve and adapt.
Each year, each cycle it becomes harder and harder, the bots become smarter and the risk increases...
Anyway, knowing what we know and seeing the other charts/pairs/stocks already going ahead... The market is interrelated/linked/connected, so we know this chart will do the same.
The confirmation already happened with the strong RSI and the close above EMA10.
We can always wait for the next confirmation...
Or we can buy at the bottom (see 'Related ideas') and ride up the full bullish wave.
Check the "first (main target - high probability)" on the chart.
Instead of waiting for confirmation, you can use a tight stop-loss.
Namaste.
Is this a bearish or bullish signal?
Should we "wait for confirmation"?
Meaning, wait for it to break and close above EMA50 before taking action!
In a way yes, this can be done and there are many different ways to approach a trade, a market... Different trading systems and strategies, so it isn't a bad thing but, with a wider perspective, with so many tools, with so many charts, confirmation can be gotten for other places.
The markets evolve and we have to also evolve and adapt.
Each year, each cycle it becomes harder and harder, the bots become smarter and the risk increases...
Anyway, knowing what we know and seeing the other charts/pairs/stocks already going ahead... The market is interrelated/linked/connected, so we know this chart will do the same.
The confirmation already happened with the strong RSI and the close above EMA10.
We can always wait for the next confirmation...
Or we can buy at the bottom (see 'Related ideas') and ride up the full bullish wave.
Check the "first (main target - high probability)" on the chart.
Instead of waiting for confirmation, you can use a tight stop-loss.
Namaste.
Trade closed: target reached
Our "main target" hit, it was a high probability target.Total growth/profits amounts to 168%.
A correction now is ultra-high probability.
Together with Bitcoin of course and the rest, they all move together as can be clearly seen by the numbers.
Namaste.
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