MSTR vs LMNDBoth companies look to be breaking out of a descending triangle pattern. Lots of speculative money went into inflating them.
MSTR hasn't dropped by much compared to LMND, so there is probably still time to build up a short.
MSTR trade ideas
MSTR - MicroStrategy - Inverse Head and ShouldersPotential Inverse Head and Shoulders pattern present on MSTR, for those looking for a stock play on Bitcoin.
For a more conservative entry: break above $890 = breakout of the Inverse Head and Shoulders, more aggressive entry would be to enter now, prior to a confirmed break, this is risker (as the move has not be confirmed) however the distance to the stop loss is significantly less.
Stop Loss = Close below $520
-TradingEdge
MSTR on support areaMSTR is a good way to play Bitcoin and it is currently at a technical support level.
Good place to get a decent Reward ratio but of course it is a volatile instrument so position size accordingly
MSTR PutsSee Text - This company borrowed money to hold bitcoin.
Buy Puts - see text for the one that I did.
Microstrategy 75% return potential I think MSTR will pull back to support then move up back to its previous highs above $800
Bullish as I'm m=bullish with BTC
bitcoin breaking out, MSTR will followBitcoin backtesting a breakout and looking to follow doge coin and Eth higher. Entered some MSTR calls.
I like this one long termAnyone thats a fan of BTC knows of Michael Saylor and they know that this is his company and he basically is the biggest bitcoin bull there is. This stock has a heavy correlation with BTC because of their holdings and moves more tightly with it. Because I dont think we are going below 60k again on BTC and we recently had a buy up and pull back. This in my opinion is great location to be long MSTR. I have some volume areas zoned out, but personally I only look at them as areas it might pause or to use as trade location. I really dont think what drives BTC and this stock have a great deal to do with volume zones like normal stocks do, but as crypto matures it very likely will stabilize and become more predicable.
There arent many shares of MSTR available either the float is reported as 7.04m shares and an incredible 100.93% being held by institutions. This means you're not going to see a lot of intraday volume like other stocks, in other words, not a lot of paper hands hold this. The options premium is very juicy on this, they are wide and low volume but I've been able to get filled in the ballpark of mid after working my limit orders a bit. Get ready to cancel and resubmit your order a few times. But I have been able to sell some thick premium in there.
I own some shares in long term investment accounts and trade the options for shorter term. I only make long trades on this one though. If it gets to a point where it seems BTC might back off or hit a new resistance, its really just time to let it do its thing until it comes back near the trend line to go long again.
May 4th - 5th Earnings will be key... lets see some growth aside from the price of BTC or continued bullish guidance and this will moon... time is on the bulls side... any second there could be something bad that happens to the world and BTC will be trading when it does...
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!!!!!
