MicroStrategy , just take a look .. :)i normally do only crypto, but i want to see if my charting style also works for stocks.
After a bullish +380% outbreak back in september,
NASDAQ:MSTR has made a bullish symmetrical triangle,
the apex (point where support and resistance come together) is almost reached,
if the uptrend breaks, the price might drop to around 220 - 230 dollar area.
if price breaks out bullish , price could reach 600 - 800 dollar between january and februari 2025
hidden bullish diversion in the RSI on bigger timeframe, bullish breakout coming ?
this chart is intended as training and NOT as financial advice
MSTRD trade ideas
MSTR Ready To Soar On QQQ Inclusion News? Technicals now suggest a potential bull flag pattern, hinting at an imminent upward breakout soon.
Coupled with the exciting news of its inclusion in the QQQ ETF, this could be the catalyst for significant price appreciation. Keep your eyes on MSTR as it aims to reach new heights!
MSTR 4H: Potential Breakout from Descending TrendlineMicroStrategy (MSTR) has been forming a descending trendline resistance since its recent peak around 520. The price has been consolidating near the trendline convergence point, showing signs of a potential breakout. Current price action suggests accumulation with higher lows forming.
Key Levels:
Major resistance: Descending trendline (currently ~410)
Current price: ~400
Trade Setup:
Looking for a confirmed breakout above the descending trendline with increased volume. A successful breach could signal the end of the current corrective phase and potential trend reversal.
Risk Management:
Place stops below recent swing lows. Watch for false breakouts and monitor Bitcoin correlation as it significantly influences MSTR's price action.
Microstrategy is the most astonishing chart I've ever seenThis is the 3 month chart going back about 25 years. MSTR peaked in March 2000 at $333. It's formed a 24 year cup and handle that broke out earlier this year from the $333 cup top. When you clone the cup depth on a log chart and add it to the cup top it gives a long term astonishing price target over $42000.
For 2025 I'm not expecting that target. It could get their in the next Bitcoin cycle in 2029, however. I've tracked MSTR and Bitcoin prices since Microstrategy started their Bitcoin acquisition program in August 2020. Since that date it has acted as 2 fold price leverage to the Bitcoin price gain to the present.
It has acted in the last two years as 3 fold leverage to the Bitcoin price as its relentless purchasing of Bitcoin is now 423,000 for about $25.4 B or about a $60000 DCA. Current profit on these Bitcoin at the current $100,000 price is $16.9 B.
Microstrategy is expected to be included in the Nasdaq 100 on Dec 23, 2024. The announcement is expected tomorrow. A massive number of ETF's are tracking this announcement and are expected to pump billions into MSTR stock over time.
If BTC goes to $500K by May 2025 and trips the pi cycle top indicator again then it will have gained 400% from the present. 3 fold leverage to the BTC 400% gain would be 1200% gain from the $393 current price or 13 x $393 = about $5100. I am biased; I recently purchased MSTR stock as a leverage play on the Bitcoin price.
MicroStrategy Poised for Breakout NASDAQ:MSTR
Today, I’d like to share my current perspective on the price action of MicroStrategy Inc. (MSTR). The data and technical indicators on the daily chart suggest a bullish scenario is unfolding. Let’s break down the analysis.
Technical Setup
1. Symmetrical Triangle:
The price action has formed a symmetrical triangle, with a potential breakout to the upside. This formation often signals a continuation of the trend when combined with supporting indicators.
2. Oversold Conditions:
Indicators such as MACD and Stochastic Oscillator show the stock emerging from oversold territory, which supports the likelihood of an upward breakout.
3. Double Bottom Pattern:
A clear double bottom pattern is forming, indicating a potential reversal of the recent 40% correction from the high reached on November 21, 2024.
Key Price Levels
• Current Price: Around $400.
• Breakout Target 1: $550.
• Breakout Target 2: If the breakout sustains momentum, the price could reach $700.
Entry Strategy:
• Buying at current levels ($400) appears reasonable, given the technical signals.
• Place stop-loss orders according to your risk tolerance to protect capital.
Bitcoin Correlation
Given MicroStrategy’s substantial Bitcoin holdings, it’s essential to note the formation of an ascending triangle on the Bitcoin chart, which suggests a continued rally. This correlation adds further confluence to the bullish outlook for MSTR.
Catalysts
There are also market rumors that on Friday, November 13, MSTR might be included in the Nasdaq Index. If confirmed, this event could serve as a strong catalyst for upward momentum in the stock price.
Conclusion:
The combination of a symmetrical triangle breakout, oversold conditions, a double bottom pattern, and potential macro catalysts presents a compelling case for a bullish move.
Disclaimer: This analysis reflects my personal opinion and is provided for informational purposes only. It is not intended as financial advice or an investment recommendation.
Master AccumulationWyckoff Spring: This setup is like the stock market's own version of a magic trick. It's when the stock price dips into a "zone of support" (the lower purple area) and then springs back up, suggesting that the price might be about to take off. It's the financial equivalent of watching a diving board bend before someone launches themselves into the air.
The Phases:
Wyckoff Phase A (Preliminary Supply): Here, the stock is like a balloon being filled with air, showing initial resistance before it pops into action. This is where accumulation starts.
Wyckoff Phase B (Secondary Test): This phase is like the balloon being squeezed and released repeatedly to see how much pressure it can take. The stock tests the waters, going back to the support and resistance zones.
Wyckoff Phase C (Spring): The critical moment, like when the balloon almost touches the ground but doesn't pop. The stock dips into the support zone but then springs back, indicating a potential upward move.
Wyckoff Phase D (Upward Movement): Finally, like a balloon released into the sky, the stock price starts to ascend, signaling it's time for the bulls to take over.
Zones of Support and Resistance: These are like the invisible walls that the stock price bounces off. The "Zone of Support" (bottom purple area) is where sellers might hesitate, and the "Zone of Resistance" (top purple area) is where buyers might pause.
The Five Points on the Chart: Each numbered point represents key moments in the Wyckoff setup, from the initial dip, tests, the spring, and the eventual break upwards. It's like marking the chapters in an epic saga of price movements.
The Trend: After the spring, if the stock breaks through the resistance, it's like the hero overcoming the final obstacle, signaling a new trend might be starting.
In essence, this chart is like watching a financial ballet, where each move is calculated, each step deliberate, aiming towards a grand finale of price movement. For traders, recognizing these patterns is like having a backstage pass to the market's next big act. Remember, in the stock market, as in life, the spring is the thing that precedes the leap!
You are not BEARISH enough IMO.Study pump and dumps and you can assume a roadmap like this. NASDAQ:SMCI , Cathie wood stocks etc. Saylor is a conman with a failing underlying business. YOLO'ing CRYPTOCAP:BTC on behalf of shareholders and people loaning him money IS NOT A REAL BUSINESS. It's a PONZI scam. Don't be fooled.
MSTR starter long off low 370smajor confluences at this level include:
- top of daily uptrend channel from september
- several large clusters of institutional prints from late november which will need to be tested
- 1hr 325 SMA
- 1hr liquidity zone
will be grabbing shares only at 33% allocation. if price fails this region will add another 33% at low 350s which is the middle of that channel and #13 ranked institutional print since inception. final 33% will be added at low 340s which is a strong local low and the #2 ranked institutional print of all time for MSTR.
MSTR - Inverse H&S Pattern with Clear Breakout TargetThis is an Inverse Head and Shoulders pattern on MSTR 1-hour
Risk/Reward Analysis:
Entry Price: $440
Stop Loss: $400
Target Price: $520
Risk/Reward Ratio: 1R:2R
Details
Clear neckline breakout level around $440
Downside risk zone marked in red (-$40 from entry)
Upside potential marked in green (+$80 from entry)
The setup presents a favorable technical structure with a strong risk-reward ratio above 1:2.
MSTR following up with the bulls,dont try to counter the market!MSTR has been doing fantastically, so in the mid/short term overview until End of December / End of January - I am forecasting the bull run in crypto to continue, and as follow the bull run would continue with MSTR as well due to the fact as how centered they are with BTC.
Entry on market open -
Target 1 : 460$ per share
Target 2 :560$ per share
As always my friends happy trading!
P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my channel so you can follow up with me in private!
MSTR Breakout Alert: What's Next? Dec. 5Technical Analysis & Price Action:
* Current Trend: MSTR has shown a sharp breakout above the downtrend channel, signaling bullish momentum. The price is approaching key resistance at $419.
* Support Levels: Immediate support lies at $410. Below that, $400 serves as a psychological and technical level. Stronger support is seen near $393.
* Resistance Levels: Key resistance stands at $419. A breakout above this level could target $430-$440 in the near term.
Liquidity Zones & Order Blocks:
* Liquidity Zone: Between $393-$400, where buyers have consistently stepped in to support the price.
* Order Block: Around $400-$410, reflecting potential institutional interest.
Scalping Gameplan:
1. Entry for Scalping:
* Long Entry: Above $419 on high volume, targeting $425-$430.
* Short Entry: Below $410, targeting $400 and $393.
2. Stop Loss: For longs, place stops at $410; for shorts, set stops above $415.
3. Exit Targets: For longs, partial profit at $425 and final exit near $430. For shorts, aim for $400 with reassessment at $393.
Swing Trade Strategy:
* Bullish Setup: Enter above $419 with a close above this level, targeting $430-$440. Set a stop-loss at $410.
* Bearish Setup: If the price breaks below $393, consider shorting with a target of $380-$370.
Suggestions & Projections:
* MSTR's breakout from the descending channel is a strong bullish signal. However, watch for volume confirmation at $419 for further upside.
* If the stock fails to hold $410, a pullback to $400-$393 is likely before the next leg up.
Thoughts:
* Scalpers should focus on the tight range between $410-$419 for quick moves.
* Swing traders might wait for a clear breakout above $419 or a retest of $400-$393 for cleaner setups.
Disclaimer: This analysis is for educational purposes only and is not financial advice. Always perform your own research and trade responsibly.