Micro-tragedy RecapToday was nuts at the MicroStrategy part of town. Let's just debrief the madness.
Michaelsaylor
The Power of Bitcoin: How MicroStrategy’s $MSTR Soared 1,620%MicroStrategy Inc. (NASDAQ: NASDAQ:MSTR ) has experienced a massive surge in its stock price, climbing 15.9% on Friday's market trading and an additional 5% during Monday's premarket session. The stock broke out of a rectangular chart pattern, signaling a bullish move that could potentially lead to new all-time highs. This explosive growth is underpinned by the company’s strategic bet on Bitcoin ( CRYPTOCAP:BTC ), which has not only outpaced the cryptocurrency itself but also the broader market, including tech giants like Microsoft ( NASDAQ:MSFT ), Nvidia ( NASDAQ:NVDA ), and the S&P 500. Let's dive into both the technical and fundamental factors driving this remarkable surge.
MicroStrategy's Bitcoin Bet
MicroStrategy (NASDAQ: NASDAQ:MSTR ) adopted a Bitcoin-centered strategy in August 2020 under the leadership of its executive chairman, Michael Saylor. This strategic pivot has yielded extraordinary results, with the stock gaining 1,620% since then. In comparison, Bitcoin itself has gained 426% during the same period, while the S&P 500 and the “Magnificent 7” tech giants, including Microsoft, Apple, and Nvidia, have lagged with gains of 73% and 243%, respectively.
As of September 2024, MicroStrategy (NASDAQ: NASDAQ:MSTR ) holds 252,220 bitcoins, making it the largest corporate holder of the cryptocurrency. In a recent acquisition, the company purchased 7,420 BTC for $458.2 million at an average price of $61,750 per coin, further solidifying its bullish stance on Bitcoin.
Michael Saylor has made it clear that he believes Bitcoin is the ultimate asset for long-term wealth generation. His famous quote, “The only thing better than bitcoin is more bitcoin,” encapsulates the company’s philosophy. This bold strategy has clearly paid off, as NASDAQ:MSTR has consistently outperformed both the broader market and even some of the most successful tech companies.
Bitcoin Outperformance & the Broader Market
What makes MicroStrategy's performance particularly notable is its stark outperformance compared to Bitcoin and other major stocks. For example, while Bitcoin’s price has increased 426% since 2020, MicroStrategy’s stock price has skyrocketed 1,620%, leveraging the company's heavy exposure to Bitcoin as a strategic asset. This outperformance can also be attributed to the broader market sentiment toward Bitcoin, which has attracted institutional investors and long-term holders like MicroStrategy. As the company continues to acquire more BTC, it positions itself as a de facto Bitcoin ETF in the eyes of traditional market participants.
In addition, NASDAQ:MSTR has far outpaced Nvidia’s impressive 1,107% increase and Arista Networks' 650% rise over the same period. These gains have positioned MicroStrategy as one of the most successful stocks in the past three years.
Technical Analysis
From a technical standpoint, MicroStrategy (NASDAQ: NASDAQ:MSTR ) has just broken out of a rectangular chart pattern, a significant bullish signal. A rectangle formation is characterized by a period of price consolidation between clearly defined horizontal support and resistance levels. In this case, NASDAQ:MSTR had been trading within a range, reflecting indecision among traders.
However, Friday’s surge confirmed a breakout above the ceiling of the rectangular pattern, signaling that the bulls have regained control. This breakout is particularly significant because it often precedes further upward movement, potentially setting the stage for a new high.
The Bullish Rectangle Pattern Explained
A rectangle formation typically occurs after an asset experiences an uptrend, which then consolidates as traders weigh the next move. In the case of NASDAQ:MSTR , the stock has been consolidating within a tight range as investors digested the company’s continued Bitcoin purchases and broader market conditions. With the breakout above the rectangle, it suggests that traders are once again optimistic, and the stock may be heading toward further gains.
As of Monday morning’s premarket session, NASDAQ:MSTR is up 5%, reinforcing the bullish sentiment.
Another key technical indicator supporting NASDAQ:MSTR ’s bullish outlook is the Relative Strength Index (RSI), which is currently at 76.76. Typically, an RSI above 70 indicates that an asset is overbought, and caution is advised. However, during periods of strong momentum, stocks can remain overbought for extended periods, particularly during significant bullish trends.
Moreover, the stock is exhibiting a gap-up pattern in the price chart, which is a strong indicator of momentum. Gap-ups occur when the price of an asset opens significantly higher than its previous close, often indicating a shift in sentiment or the release of market-moving news. In NASDAQ:MSTR 's case, the gap-up is driven by its breakout from the rectangle pattern, as well as renewed enthusiasm for Bitcoin.
Whale Accumulation and Bitcoin’s Influence
MicroStrategy’s stock is not just benefiting from technical patterns; the underlying Bitcoin market is also providing fundamental support. Recent data shows that whale activity has intensified around Bitcoin, with large holders accumulating 2.07 billion DOGE in a single week. While this specific data pertains to Dogecoin, it underscores a broader trend of renewed interest in cryptocurrencies by large investors, which often correlates with upward price movements in both the crypto market and crypto-exposed stocks like MicroStrategy.
Conclusion:
MicroStrategy’s breakout from the rectangular pattern, combined with its solid fundamental footing in Bitcoin, suggests that the stock could be setting a course for new highs. The company’s Bitcoin strategy has proven to be a game-changer, with the stock significantly outperforming both Bitcoin and the broader market since 2020.
As Bitcoin continues to grow in institutional acceptance and more companies adopt digital assets as part of their strategies, MicroStrategy’s long-term bullish outlook remains intact. Investors will be keenly watching for the next moves in both Bitcoin and NASDAQ:MSTR , as the stock could continue to serve as a leading indicator of market sentiment around the world’s largest cryptocurrency.
MicroStrategy’s Bold Bitcoin Play: $700 Mln in BTC AcquisitionIn a move that highlights its unwavering commitment to Bitcoin, MicroStrategy, led by its CEO Michael Saylor, has announced a fresh $700 million debt offering to acquire more Bitcoin ( CRYPTOCAP:BTC ). This marks the second such offering in just one month as the company aggressively expands its Bitcoin holdings. Known for its bullish stance on Bitcoin, MicroStrategy has now accumulated a staggering 244,800 BTC as part of its Treasury Reserve Asset (TRA) strategy.
The Latest Debt Offering
The newly proposed $700 million debt offering comes in the form of Convertible Senior Notes, which will be available only to qualified institutional investors. MicroStrategy plans to use the proceeds from this offering to redeem $500 million of its 6.125% Senior Secured Notes due 2028. After settling these debts, the remaining funds will be directed toward acquiring additional Bitcoin and other general corporate purposes.
This is not MicroStrategy's first foray into issuing convertible notes to fund its Bitcoin strategy. The company has previously conducted similar offerings, raising billions of dollars to support its growing Bitcoin portfolio. In June of this year, it made an $800 million offering, followed by a $1.1 billion Bitcoin purchase, which added 18,300 BTC to its reserves.
MicroStrategy’s Unstoppable Bitcoin Streak
MicroStrategy began its Bitcoin ( CRYPTOCAP:BTC ) acquisition spree in August 2020, becoming one of the first publicly traded companies to adopt Bitcoin ( CRYPTOCAP:BTC ) as a primary reserve asset. Over the years, the company has consistently used debt to bolster its Bitcoin reserves, reinforcing its belief in Bitcoin as a long-term store of value.
This strategy has often paid off for the company, especially in times of Bitcoin price appreciation. Most notably, MicroStrategy’s stock (MSTR) has soared as a direct result of its Bitcoin investments. After recent acquisitions, MSTR’s stock price surged by 18.74%, outpacing the broader market and gaining value even when other stocks faced volatility.
Bitcoin’s Current Market Dynamics
Despite MicroStrategy's massive Bitcoin purchase plans, the cryptocurrency itself has experienced some downward pressure. At the time of writing, Bitcoin ( CRYPTOCAP:BTC ) is down 2% after showing strength in previous weeks. This pullback is intriguing as it comes amid positive sentiment surrounding Bitcoin's recent performance and broader adoption.
From a technical perspective, Bitcoin’s Relative Strength Index (RSI) currently stands at 48, indicating a potential for a bullish reversal. The key pivot point for Bitcoin remains at $70,000, a level that traders and analysts are closely watching. If Bitcoin can break through this resistance, it could set off another significant rally, supported by the increasing institutional interest exemplified by companies like MicroStrategy.
Institutional Impact and MSTR Stock
MicroStrategy’s continued commitment to Bitcoin reflects a growing trend of institutional adoption of the cryptocurrency. With its relentless accumulation of Bitcoin ( CRYPTOCAP:BTC ), MicroStrategy is making a bold bet on the long-term potential of the digital asset. As more institutions and corporations follow suit, Bitcoin could further cement its status as a mainstream financial asset.
For MicroStrategy, its aggressive Bitcoin strategy has not only bolstered its stock but also differentiated the company from its peers. MSTR has consistently outperformed other tech stocks, thanks in large part to its Bitcoin holdings. As the company continues to issue convertible debt and acquire more Bitcoin, investors will keep a close eye on both the price of Bitcoin and the value of MSTR stock.
Conclusion
MicroStrategy's latest $700 million debt offering underscores its confidence in Bitcoin’s future. With 244,800 CRYPTOCAP:BTC already in its reserves and plans to accumulate more, the company is betting on Bitcoin ( CRYPTOCAP:BTC ) as a core part of its corporate strategy. While Bitcoin faces near-term volatility, the long-term outlook remains promising, especially with institutional players like MicroStrategy continuing to lead the charge. If Bitcoin ( CRYPTOCAP:BTC ) can breach the $70,000 pivot, MicroStrategy’s bullish strategy could prove even more lucrative for both the company and its investors.
MSTR MicroStrategy Incorporated Options Ahead of EarningsIf you haven`t sold MSTR on this potential fair value retracement:
Then analyzing the options chain and the chart patterns of MSTR MicroStrategy Incorporated prior to the earnings report this week,
I would consider purchasing the 1250usd strike price Puts with
an expiration date of 2024-5-17,
for a premium of approximately $120.25.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Insider Sell-off Sends MicroStrategy (MSTR) Stock TumblingMicroStrategy Inc (NASDAQ: NASDAQ:MSTR ) recently experienced a significant downturn in its stock price, plummeting by 6% following news of insider sell-offs. Michael Saylor, the Executive Chairman and 10% Owner of MicroStrategy, sold 1,140 shares at an average price of $1,951.33 per share, totaling over $2.2 million. This sale is part of a broader trend, with insiders offloading a substantial number of shares over the past year. As investors grapple with this development, it's crucial to analyze the implications for NASDAQ:MSTR 's future prospects and investor sentiment.
Insider Sell-off and Market Reaction:
The insider sell-off, particularly by key figures like Michael Saylor, has triggered concerns among investors. The lack of insider purchases over the past year, coupled with numerous insider sells, paints a worrisome picture. On the day of the sale, NASDAQ:MSTR shares were trading at $1,951.33, contributing to a market capitalization of $28.923 billion. However, the sell-off has raised questions about the company's valuation and its long-term growth prospects.
Overvaluation Concerns and Analyst Ratings:
MicroStrategy ( NASDAQ:MSTR ) may be significantly overvalued. Analysts have voiced mixed opinions on the stock, with some maintaining buy ratings while others have lowered their target prices. The consensus among analysts underscores the uncertainty surrounding NASDAQ:MSTR 's future trajectory and underscores the importance of thorough due diligence for investors.
Institutional Investors' Stance:
Institutional investors and hedge funds have also made moves in response to recent developments. While some have increased their stakes in MicroStrategy, others have reduced their positions or remained cautious. These actions reflect the diverse perspectives within the investor community regarding the company's outlook and its ability to deliver sustained value in the highly competitive software market.
Conclusion:
The insider sell-off at MicroStrategy has undoubtedly rattled investors and cast a shadow over the company's near-term prospects. With valuation concerns, mixed analyst ratings, and varying reactions from institutional investors, navigating MSTR's stock requires careful consideration of both risks and opportunities. As the company continues to navigate the evolving landscape of enterprise analytics and mobility software, investors must remain vigilant and stay informed to make sound investment decisions.
MSTR MicroStrategy Incorporated Fair Value | Potential Sell-OffAchieving a scenario where MSTR trades at parity with its Bitcoin reserves would necessitate a remarkable surge in BTC price to $157,000, marking a staggering 130% increase from current levels!
At today's BTC price, MSTR's ideal settlement range would hover around $775-$800, representing its fair value!
Adding a slight premium, my adjusted price target for MSTR would be $960!
The growing popularity of Bitcoin ETFs presents a challenge to MSTR's relevance, making it useless to hold MSTR at such a high premium to its BTC holdings!
It's worth noting that CEO Michael Saylor sold 1,508 shares of the company on March 14, 2024.
MicroStrategy's $800 Mil Notes Offering Fuels BTC AcquisitionMicroStrategy Incorporated (NASDAQ: NASDAQ:MSTR ) has once again made waves in the financial world with its recent completion of an $800 million offering of 0.625% convertible senior notes due 2030. The move, which saw significant interest from qualified institutional buyers, marks a strategic play by the company to bolster its Bitcoin acquisition strategy and further solidify its position as a pioneer in the cryptocurrency space.
The offering, completed on March 8, 2024, garnered widespread attention as MicroStrategy ( NASDAQ:MSTR ) signaled its commitment to expanding its Bitcoin holdings. The notes, which are unsecured senior obligations of the company, offer investors an opportunity to participate in MicroStrategy's ( NASDAQ:MSTR ) ambitious vision of utilizing Bitcoin as its primary treasury reserve asset.
With a nominal interest rate of 0.625% per annum, payable semi-annually, and a maturity date set for March 15, 2030, the notes provide investors with a unique avenue to engage with MicroStrategy's ( NASDAQ:MSTR ) long-term growth trajectory. Additionally, the convertible nature of the notes allows holders the flexibility to convert them into cash, shares of MicroStrategy's class A common stock, or a combination of both, at the company's discretion.
What sets this offering apart is MicroStrategy's ( NASDAQ:MSTR ) explicit intention to utilize the net proceeds from the sale of the notes to acquire additional Bitcoin. This strategic maneuver underscores MicroStrategy's unwavering confidence in Bitcoin as a store of value and highlights its proactive approach to capitalizing on the burgeoning cryptocurrency market.
MicroStrategy's CEO, Michael Saylor, has been vocal about the company's Bitcoin-centric strategy, viewing the cryptocurrency as a hedge against inflation and a long-term store of wealth. By leveraging its operating structure and cashflows, MicroStrategy ( NASDAQ:MSTR ) has amassed a substantial Bitcoin reserve, positioning itself as a trailblazer in corporate Bitcoin adoption.
The timing of the notes offering coincides with MicroStrategy's ( NASDAQ:MSTR ) ongoing efforts to enhance its position in the cryptocurrency market amidst increasing competition and regulatory scrutiny. With the conversion rate set at a premium over the current market price of MicroStrategy's class A common stock, investors stand to benefit from potential upside opportunities as the company's Bitcoin holdings appreciate in value.
However, the move is not without its risks. The volatile nature of the cryptocurrency market coupled with regulatory uncertainties presents inherent challenges for MicroStrategy ( NASDAQ:MSTR ). Moreover, the company's heavy reliance on Bitcoin as its primary treasury reserve asset exposes it to fluctuations in the cryptocurrency's price, which could impact its financial stability in the long run.
Nevertheless, MicroStrategy (MSTR) remains undeterred in its pursuit of pioneering Bitcoin adoption among corporations and institutional investors. Through its strategic initiatives and relentless focus on technology innovation, MicroStrategy ( NASDAQ:MSTR ) aims to redefine the traditional financial landscape and usher in a new era of digital asset management.
Technical Analysis
NASDAQ:MSTR is trading above its 200-day Moving Average. With a Relative Strength Index (RSI) of 74, NASDAQ:MSTR has seen an increase of 9.66% in Premarket Trading on Monday morning.
As MicroStrategy ( NASDAQ:MSTR ) continues to chart new territory in the cryptocurrency space, its $800 million notes offering serves as a testament to its unwavering commitment to Bitcoin and its vision of Intelligence Everywhere.
In a world where digital assets are reshaping the future of finance, MicroStrategy ( NASDAQ:MSTR ) stands at the forefront of innovation, poised to shape the course of history with its bold and visionary approach.
#MSTR Cup and HandleBig upside target on a logarithmic scale
Seems like #WallST #FOMO is occuring
#MichaelSaylor's Big Long may well go down in history.
MSTR Bitcoin Boom: Saylor's Bold Moves Yield 46% Surge in a WeekMicroStrategy ( NASDAQ:MSTR ) has emerged as a beacon of innovation and foresight, led by the visionary Michael Saylor. As the clamor for cryptocurrency reaches a fever pitch, Saylor's strategic maneuvers have positioned MicroStrategy ( NASDAQ:MSTR ) at the forefront of the Bitcoin revolution, yielding a remarkable 46% surge in stock value within a single week.
Saylor's Revelations: Unveiling the Demand for Bitcoin ETFs
At the heart of MicroStrategy's meteoric rise lies Michael Saylor's keen insight into the burgeoning demand for Bitcoin Exchange-Traded Funds (ETFs). With investors clamoring for traditional avenues to access the digital currency, Saylor's bold assertion of a tenfold increase in ETF demand underscores MicroStrategy's ( NASDAQ:MSTR ) astute alignment with market dynamics.
MicroStrategy's Strategic Shift: From Software Titan to Cryptocurrency Leader
Gone are the days when MicroStrategy ( NASDAQ:MSTR ) was solely synonymous with software solutions. Under Saylor's guidance, the company has undergone a seismic strategic shift, rebranding itself as a vanguard in the realm of cryptocurrency. By amassing substantial holdings of Bitcoin, MicroStrategy ( NASDAQ:MSTR ) has not only embraced the digital currency but has also cemented its status as a trailblazer in the field.
Despite this pivot, MicroStrategy ( NASDAQ:MSTR ) remains steadfast in its commitment to its core software and business intelligence offerings, which continue to serve as linchpins of revenue generation and client satisfaction. This delicate balance between tradition and innovation underscores MicroStrategy's versatility and resilience in a rapidly evolving market landscape.
Future Growth Strategies: Pioneering Financial Planning for the Digital Age
Looking ahead, Michael Saylor has outlined a vision for MicroStrategy ( NASDAQ:MSTR ) that transcends mere adaptation; it encapsulates a proactive pursuit of growth and value creation. By leveraging capital markets and exploring strategic initiatives such as stock splits and capital restructuring, MicroStrategy ( NASDAQ:MSTR ) aims to optimize its financial resources to fuel expansion and innovation.
Conclusion
In conclusion, MicroStrategy's ( NASDAQ:MSTR ) meteoric ascent amid the Bitcoin boom epitomizes the power of visionary leadership and strategic foresight. Under Michael Saylor's stewardship, the company has not only embraced the winds of change but has also harnessed them to soar to new heights of success and prosperity. As the cryptocurrency revolution continues to unfold, MicroStrategy ( NASDAQ:MSTR ) stands poised at the vanguard, a beacon of innovation illuminating the path forward for investors and industry titans alike.
Michael Saylor Sells 5,000 $MSTR Stocks For Investing Into $BTCBetween January 2 and January 10, Saylor sold 3,882 to 5,000 NASDAQ:MSTR shares in accordance with the SEC's announcement.
Leading up to the recent approval by the U.S. Securities and Exchange Commission (SEC) of exchange-traded funds directly investing in Bitcoin, Michael Saylor, the co-founder of MicroStrategy Inc., participated in a series of share sales.
MicroStrategy Sells NASDAQ:MSTR Just Before ETF Approval
According to data compiled by Bloomberg, Saylor sold between 3,882 and 5,000 shares on specific days from January 2 to January 10, coinciding with the SEC’s announcement. The transactions are estimated to have yielded Saylor over $20 million, marking the first instance of him selling company shares in nearly 12 years. This development comes as the company already sold $216 million worth of NASDAQ:MSTR stock last week.
A spokesperson for MicroStrategy has verified the recent share sales by Michael Saylor, clarifying that these transactions are part of a pre-existing plan disclosed in a filing last year. The spokesperson emphasized that these sales are unrelated to the recent approvals of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission. The planned sales, involving up to 5,000 shares daily, are scheduled between January 2, 2024, and April 26, 2024, with the intention of selling a total of as much as 400,000 shares during this period.
MicroStrategy, a leading business intelligence firm with substantial Bitcoin holdings, weathered significant losses during the previous crypto winter. The company had to undertake substantial write-offs due to the market downturn at that time.
However, in a remarkable turn of events, MicroStrategy’s current Bitcoin holdings have surged in value to approximately $8.3 billion. This represents a notable paper gain of around 40%, underscoring the company’s resilience and recovery in the crypto market.
NASDAQ:MSTR Stock Under Pressure
MicroStrategy, a prominent player in the business intelligence sector, has witnessed a 23% decline in its stock since the beginning of the year. The drop is attributed, in part, to concerns arising from the debut of exchange-traded funds (ETFs) that could potentially diminish the appeal of the company’s shares as investments.
MicroStrategy, headquartered in Tysons Corner, Va., has long been regarded as a proxy for Bitcoin, given its substantial holdings of the cryptocurrency on its balance sheet for several years. Prior to the recent approval of a dozen spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), MicroStrategy was a primary avenue for investors seeking indirect exposure to Bitcoin. The emergence of alternative options through ETFs has introduced new dynamics to the market.
However, MicroStrategy chief Michael Saylor stated that the spot Bitcoin ETF launch won’t negatively impact the MicroStrategy stock price.
💾 MicroStrategy Set To Grow Like There's No TomorrowI love the "Community trends" on the front page... TradingView is great.
With this new feature I can see stocks/assets that I would never think of looking at otherwise.
Here we have MicroStrategy, MSTR.
I know about Mr. Michael Saylor as he is a huge Bitcoin fan like most of us.
He also wrote the foreword for the best selling Bitcoin book ever and it was nice to see his opinion about this game we now have been playing for so long.
MicroStrategy is set to grow like there is no tomorrow...
At least that's the message that I am getting from this chart.
I am using the weekly timeframe because long-term gives you a better perspective, short-term there is always too much "noise".
The first thing to look at is the broader cycle and that's the All-Time High, February 2021, almost two years have gone by since this level was hit.
The first thing that caught my attention is the current consolidation pattern and how the bulls are already showing up and strong.
This weekly candle is already trading above EMA21 and EMA10... There is a strong bullish divergence on the RSI since May 2022.
Also, the low in December 2022 came in higher than May, a higher low...
These signals put together make a strong case for bullish growth.
I write these signals for you... But what catches my attention from the go is this sort of "M" pattern, bullish bat, gartley, etc. too many names it has...
This pattern is like a falling wedge in the sense that it has a very high level of accuracy.
It is a bullish pattern of course and once it shows up... The chart tends to shoot up.
You can find the resistance levels marked on the chart (light green) and blue for support.
Namaste.
MSTR MicroStrategy Puts and the Cryptocurrency LandscapeIf you haven`t sold MSTR here:
Then you need to understand the recent crypto landscape:
Binance disputes the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.
The legal battle between Binance and the SEC has sent shockwaves through the cryptocurrency community.
Binance and its affiliates assert that the SEC is overreaching its jurisdiction on digital assets, especially without any clear legislative guidance from Congress. The original lawsuit, filed in June, accused Binance of unlawfully listing unregistered securities.
Historically, the actions of whales have been instrumental in shaping the price movements of Bitcoin and the broader cryptocurrency market.
Non-whale addresses, those holding less than 100 BTC, now account for over 41% of the total Bitcoin supply. Meanwhile, whales, entities holding between 100 and 100,000 BTC, have witnessed a decline in their collective holdings to 55.5%, marking their lowest ownership level since May.
The decrease in whale holdings could signal a potential change in the market's dynamics, potentially leading to increased volatility and uncertainty.
These developments collectively cast a shadow over the cryptocurrency market's near-term prospects.
In this context, I`m considering the following puts for MSTR MicroStrategy:
2023-10-20 expiration date
$307.50 strike price
$12.60 premium
Looking forward to read your opinion about it!
Double bottom for MSTR
After finding support at the bottom of the channel, NASDAQ:MSTR formed a double bottom in 1H. The target of this move should be 375 if CRYPTOCAP:BTC continues the up move.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
MicroStrategy is flirting with the support of the channelBitcoin related stocks have been front-running the price compared to BTC. NASDAQ:MSTR was no exception of that. The price created a nice up trend, however, we reached to the support with the recent drop of BTC price. If we don't see a reversal from BTC, NASDAQ:MSTR may visit 275. Having said this, it is at the good levels for a long position with a calculated stop.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
MicroStrategy Bitcoin PurchasesMicroStrategy Bitcoin Purchases on the CRYPTOCAP:BTC chart.
This chart includes the dates, amount, and average price, of Bitcoin purchases announced by Michael Saylor on Twitter and includes data from buybitcoinworldwide.com for purchases not announced by Michael Saylor.
Future of MSTRI've had a position in MSTR for a few months now and even though it's one of the worst companies in terms of stability and providing rising returns to investors, I think that it has strong potential for a large upswing.
With the price of Bitcoin recovering and 28.36% of it's shares being shorted, I think that a short squeeze is imminent. I would even see it becoming the next AMC or GME if people start mentioning the corporate stupidity of Michael Saylor. I think that it's the riskiest asset in my portfolio and I don't intend holding it for long, I'm currently targeting the 600$-700$ range which is very possible if Bitcoin claims back it's previous highs.
Finally, I don't think MSTR has much of a future, their entire existence is based on Bitcoin which at the moment isn't the most stable. To be totally honest, there are barely any fundamentals behind my position, just hopium.
BTC: Bulls are back!?Bitcoin
Intraday - We look to Buy at 20404 (stop at 19949)
Daily signals are bullish. We look to buy dips. 20 1day EMA is at 20360.
Our profit targets will be 21549 and 21949
Resistance: 21000 / 21400 / 22000
Support: 20600 / 20300 / 20000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘ we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ETH merge hasn't helped it gain any ground against BTC...If you notice in the chart below, I crudely illustrate that ETH was creating higher highs as well as higher lows from Sep 2019 through Dec 2021(an uptrend). I find that interesting because during this time period, there was no ETH merge, in fact, there was very few who even knew what was the intention of the merge.
Dec 2021 is when ETH started to experience lower highs and lower lows(a downtrend) when compared to BTC. I also find it interesting that this is the time frame in which everyone started to discuss, research, trade, and otherwise propagate "the merge". This propagation or "run up" to the merge has lasted from Dec 2021 until present day. Now we are currently "post merge" and we still see the same pattern of BTC actually gaining ground on ETH...In fact if anything, it has sped up the gaining of BTC over ETH...
It makes me wonder, What did ETH gain from the merge?... Seems like Saylors is right so far
BTC: Status quo unchanged. Bearish?!Bitcoin
Intraday - We look to Sell a break of 28488 (stop at 29009)
28561 has been pivotal. A break of bespoke support at 28500, and the move lower is already underway. Daily signals are bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27207 and 26807
Resistance: 30000 / 31000 / 32000
Support: 28500 / 27700 / 27000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTC: Still looking for more downside!Bitcoin
Intraday - We look to Sell a break of 28488 (stop at 29009)
28561 has been pivotal. A break of bespoke support at 28500, and the move lower is already underway. Daily signals are bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27207 and 26807
Resistance: 30000 / 31000 / 32000
Support: 28500 / 27700 / 27000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTC: We remain bearish territory?!!Bitcoin
Intraday - We look to Sell a break of 28785 (stop at 29436)
Primary trend remains bearish. A break of bespoke support at 28800, will open an aggressive bearish move. Daily signals are bearish. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27207 and 26807
Resistance: 30000 / 31000 / 32000
Support: 28800 / 27700 / 27000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BTC: Margin call for Microstrategy?!Bitcoin
Intraday - We look to Sell a break of 28548 (stop at 29111)
Daily signals are bearish. A break of the recent low at 28615 should result in a further move lower. 28561 has been pivotal. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27151 and 26651
Resistance: 30000 / 31000 / 31400
Support: 29000 / 28600 / 27800
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
BITCOIN is setting for a big resetI expect Bitcoin to be in a bear market for the next 2-3 years. Big reset is coming in Bitcoin and no one expects it. Take your profit off the market and wait the right moment to get in. People like Michael Saylor and Cathie Wood will loose hell a lot of a money and once Bitcoin reach a $21000 a margin call will start to hit this guys. Be prepared!
