Main Focus List Review EXT 8-16-24Going over our main focus list EXT times pre Open and looking for setups and how we want to trade today. It is OPEX so expect some volatility. getting our first micro dip today. no A+ trade No trade for us today. learned a lot this week and will update our trading plan over the weekend. couple steps closer is the goal and we definitely achieved that this week.
MSTR trade ideas
STRATEGIC PURCHASES AT A MICRO PRISE!Following the lead of other tech giants like NVIDIA, which we covered in May, MicroStrategy has decided to make its shares more accessible to investors. The company recently announced a 10-to-1 stock split, and trading at the adjusted price begins today, August 8!
Today's business world cannot function without in-depth analysis of vast amounts of data. Founded in 1989, MicroStrategy (#MicroStrgy) is one of the largest companies in this field. It continues to strengthen its market position and attract attention with its innovations. This multifunctional data analytics platform offers visualization, integration with various databases, and machine learning capabilitiesโjust a few areas where MicroStrategy excels.
The maximum price of MicroStrategy shares on NASDAQ reached $2,000 per share, and in 2024, the peak growth in value reached 194%! Our analysts believe that after the stock split, the company will be able to attract even more funds, ensuring further growth.
Shares of this tech market giant offer several advantages:
Powerful data analytics platform: MicroStrategy offers a multifunctional system that allows users to easily process and visualize data, making analysis accessible to a broader audience. The software supports integration with various databases and APIs, enabling companies to use data from different sources in one place.
Diverse client base: MicroStrategy serves clients from various industries, including finance, healthcare, retail, and technology. This diversifies risks and creates a sustainable source of income.
Smart predictions and analytics: The platform includes machine learning (AI) and predictive analytics features, allowing companies to analyze past data and forecast future trends. Based on Big Data, the algorithms provide an accurate picture of upcoming events.
Bitcoin acquisition strategy: MicroStrategy actively buys bitcoin, giving shareholders indirect exposure to the cryptocurrency market. The success of this strategy could lead to significant growth in the company's shares, especially amid increasing interest in cryptocurrencies.
Growth in subscription services revenue: In Q2, the company earned $24.1 million from subscription services, a 21% increase compared to the previous year.
Additionally, according to a report on the company's official website, MicroStrategy holds 226,500 BTC with a total value of $8.3 billion, and the return on these holdings since the beginning of the year has been 12.2%.
Founder Michael Saylor knew how to strategically allocate the company's funds. You can profit from this as well, with a high probability of a new wave of growth in MicroStrategy's stock price (#MicroStrgy)!
MSTR Can Double Your GainsMicrostrategy has been the foremost Bitcoin related stock outside of the miners or ETFs.
Ive noticed that MSTR tends to be significantly better correlated than some of the other BTC related plays, however you must be careful as it acts as a leverage play as BTC moves. You will generally see MSTR move 2x - 3x the percentage move of Bitcoin.
Looking through the chart, we can clearly see a bullish trend on the hourly time frame, however we may have potentially reached a physiological limit at $2k as price rallies before a sharp rejection.
I would be welcome to a nice pullback towards the lower level range around $1600 where MSTR left a large gap prior to pumping. This would be a strong buy zone if Bitcoin continues to rally to new all time highs.
MSTR: A Major Breakout! (D&W charts).MSTR is demonstrating significant bullish momentum as observed on both the daily and weekly charts.
On the daily chart, MSTR has recently broken out above the critical resistance level of 1740.00. This breakout is supported by the ascending trendline that has been in place since early May, providing a clear upward trajectory for the price. The 21-day EMA, currently at 1519.87, is also acting as a dynamic support, reinforcing the bullish sentiment.
The weekly chart further confirms this bullish outlook. The price has continued to climb, now targeting the next resistance level near 2000.00. This level is significant as it marks a psychological barrier and previous high. The 21-week EMA, positioned at 1384.16, shows a well-established uptrend that has been respected over the past several months. The recent price action indicates strong buying interest, as evidenced by the solid bullish candles forming in the past few weeks.
Could it reverse the bullish sentiment? Sure, but it will need to reject last week's candlestick along with the 21-day EMA. For now, MSTR is above its support levels, not demonstrating any top signal, while it is breaking its key resistance at 1,740. Therefore, the sentiment is very bullish for now.
Overall, MSTR's price action suggests a robust upward trend, with key levels of support and resistance clearly defined. The break above 1740.00 on the daily chart, coupled with the sustained uptrend on the weekly chart, points towards continued bullish momentum, potentially targeting the 2000.00 resistance level in the near term. We should keep an eye on these levels and the underlying EMA support for any signs of reversal or continuation in this trend.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
โTo anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.โ โ Jesse Lauriston Livermore
All the best,
Nathan.
Microstrategy Inc. The Money SongMicroStrategy, the largest corporate holder of bitcoin, announced a 10-for-1 stock split on Thursday.
The company said the shares will be split into class A common stock and class B common stock โto make MicroStrategyโs stock more accessible to investors and employees.โ The move comes amid a lull for the price of bitcoin, which has been stuck in a tight range since about March, but which many investors expect to rebound in the second half of the year.
The shares rose about 6% but are currently about 34% off an all-time high of $1,999.99, reached in March of this year.
In technical terms Microstrategy tripled in price over the past 12 months and doubled in price in 2024, outperforming the major crypto assets like BTC, ETH, and Total crypto market cap as well.
The main technical graph indicates perhaps it has much more to deliver.
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Money talks
Money shouts
Don't take much to hear
Like it or not
You need a lot
If you're gonna make a life down here
Planning to buy calls for ATH by end of year. Did really well on my MSTR puts. Bought OTM puts and the very next day it was down over 30%.
Good times, but this looks like it offers better odds on the bull that the bear side now.
As shown in the main chart, this may be an ABC correction into waves 1 and 2 of Elliot. If that's the correct count- then it's nothing but up starting soon.
Even in a more bearish pattern I can see a case for a spike to the high.
Also feeling bullish on BTC now. Contingent upon this being a low made here, I see a new high as likely.
I think now it's, actually, a good time to be having discissions about BTC being above 100K within 6 months.
I felt the previous forecasts I've seen people make at the highs were optimistic - but now, BTC over 100K by the end of the year I believe has a real shot.
Worth trying some OTM calls betting on this.
MicroSrategy Shows Bullish Triangle-Brekout In ViewLooking at MicroStrategy, there is a very nice recovery from the 1190 area, but prices are not yet breaking out. Currently, there is some consolidation near the upper side of this contracting range around 1660, which could represent the upper levels for sub-wave D of a trinagle. Triangles are structured by a-b-c-d-e subwaves, so I assume that the price can still pullback a bit, and possibly fill the gap near 1400, from where I would be looking for the next move higher.
GH
MSTR | Potential Reversal We are currently observing interesting price action at the Purple Line - Strong Pivot level on MSTR. The price has been in a clear downtrend but recently found support at this key level. Hereโs a breakdown of whatโs happening:
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Key Support Level: The Purple Line - Strong Pivot level has provided support, preventing further decline for now.
โ ๏ธ Price Action: After a strong bullish bounce, the price shows indecision with small-bodied candlesticks.
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Volume Analysis: There is an increasing relative volume average, indicating heightened interest and activity at the support level. The bounce was accompanied by a significant volume spike, suggesting strong buying interest.
โก๏ธ Potential Trading Strategy:
Wait for Confirmation: Look for further bullish confirmation, such as a continuation of higher volume on bullish candlesticks or a break above recent highs.
Entry Point: Consider entering a long position if bullish confirmation is observed, with a stop loss placed just below the Purple Line - Strong Pivot level to manage risk.
Target: Potential upside targets include $1500 (Gray dashed line)
Caution: If the price fails to sustain above the Purple Line - Strong Pivot level and volume declines, the downtrend may resume. Monitor the price action and volume closely for further signals.
Stay tuned for more updates and happy trading! ๐ค๐ป๐ค
MSTR MIcrostrategy - Tri break out its going up! Bullish case
long term trend up
triangle break out moving up
This is good evidence that the bull has reasserted itself in crypto land
If BTC moves up MSTR will move up, as its big breakout with targets from a triangle it suggests to go long BTC
Those in the know are buying up MSTR because it holds so many BTC and they are allowed to buy MSTR as a BTC play. Many fund managers are allowed to buy MSTR if they are not allowed to buy BTC yet. Anyway its going up according to the chart.
This is not advice only educational purposes
MICROSTRATEGY Bottom on Inverse Head and Shoulders. Eyeing $2000MicroStrategy Inc. (MSTR) is about to complete the Right Shoulder of an Inverse Head and Shoulders (IH&S) pattern, which is a bottom formation technically. The Head was formed on the 4H MA200 (orange trend-line), a long-term Support for the stock, while the price is now testing the 4H MA50 (blue trend-line) as Resistance.
We saw this exact same behaviour on MSTR's previous bottom (May 01) and right when it broke above the 4H MA50, it peaked marginally above the 1.618 Fibonacci extension level. As a result, we expect a similar development and our Target is $2000.
Notice also that right when the price was testing the 4H MA50 last time, the 1D MACD formed a Bullish Cross, which is what it is currently doing. Strong similarities everywhere.
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$MSTR tricky path to $3000+?This looks like the most interesting long setup in crypto mining should the opportunity present itself.
In the short term, I think price will likely continue up into the $1400-1500 range. If price can't break through that level, I think it'll be a great short.
If you look at the correction so far, we've only had 2 legs down, I think the 3rd is yet to come which will bring us into the sub $1000 support zone.
If we get down there, I think that'll create a great buying opportunity and price should surge higher into the $3000+ resistance level.
So if you buy the bottom and sell towards the top, there's 3x gains to be had.
I'll likely play this in both spot and options as there will be great money to be made if you can time this well.
Good luck.
MSTR - 2nd Opportunity Previously, I posted on the hourly how MSTR has formed a lovely H&S and that has followed
through.
Now, I believe we are entering another opportunity to get in with the formation of the cup. Handle needs to form for today.
I am expecting handle formation and breakout on decent volume.
It might also take the form of a flag.
Underlying asset Bitcoin chart looks insanely bullish.
I would rather own MSTR at this point as I believe its more bang for your buck!
MSTR out Performing BTC, Divergence when BTC ETFs LaunchedI'm Bullish on BTC in general, hold it and other cryptos.
However the divergence in price action on MSTR vs BTC had a massive shift when the BTC ETFs hit the markets.
Makes me wonder if MSTR could be considered a Leveraged BTC long . like a 2x or 3x ETF
Bullish inverse H&S on MSTR chartLooks like the early beginnings of an inverse H&S on the MSTR chart.
Neckline around $1340. Will be watching for the breakout to confirm this pattern.
Early targets:
- $1480
- $1670
RSI trending up. Looks even better on the daily chart.
With BTC prices gaining strength and excitement building from Roaring Kitty's return on X, I'm hopeful for this to play out.