The ride continue for MSTRAn alternative time to bet on the rise of bitcoin is to buy companies that have part of their liquidity in BTC. MicroStrategy holds 90,531 bitcoins. A bet that could pay him big if cryptomoniac continues to rise
MSTR trade ideas
Microstrategy $1400 Target - simple chartNotice, each time we enter the bottom of red Ichimoku cloud, we come out the top of that cloud and rally?
MSTR Daily Long 13CCI tlb triangle apexMSTR Daily -13 CCI has a Long signal just triggered with a cross up thru a down trnedline on CCI for an aggressive Long at 773. The continuation of Up is favored by location of two CCI triangle apices being above zeroline.
More conservative traders may wait for a breakout above the swing high dotted line, to avoid any possible continuation of zigzag retracement down to the swing low solid line or lower.
Check out 16 Apr 750 Call for 107.00, 21 May 780 Call for 145.00. Feb 20021 high was above $1300
Reversal would be a 13 CCI break down through an Up trendline (not shown, to retain clarity)
BITCOIN vs MicroStrategyAt the moment, Bitcoin is growing, consolidated above the psychological mark of $ 50,000, the shares of MSTR, following the growth of Bitcoin, turned into a bullish rally. Enter on retest level 815, move potential 20%, stop 2%, after passing the first 3% we set without loss. Exit in parts. We constantly monitor the movement of Bitcoin to correct the exit point from the position.
Speculative company to lose its shirt in the Bit-casinoThis is clearly not a serious company. It has been run so poorly that all its business activities consist of speculating on bitcoin.
When bitcoin drops, this company (since it's borrowed money to buy bitcoin) can have negative equity.
I hope it doesn't turn out that some of its executives have been pumping their own books.
MSTR 1000-1200 3/19.Closed above bearish / neautral zone. 800 critical level tested today. Cup & handle. 26% short interest. BTC all time highs this weekend / next week. MM's don't inverse me please <3. Bullish.
MicroStrategy BreakoutMicrostrategy this morning purchased an additional 262 bitcoins for $15 million. They now hold more than 91,325 bitcoins. Given the rise in Bitcoin and the bull flag breakout on the MSTR chart, we believe the upside potential is greater than the downside risk. - HH
$MSTR MicroStrategy Reversal trade Setup
OMG what a horrific selloff but it is possible that
yesterdays low on the Monthly candle support will hold
and set up a relief rally.
short term target for a bounce is $800 where strong
historical resistance comes into play.
MSTR 4HRBullish BAT
Vertical dotted line is ULTRA HIGH VOLUME i.e Ultra high volume down bars - trap of Smart Money , Higher volume-Professionals are buying into the public selling
RSI must be over 30 & Price on breaking of ULTRA HIGH VOLUME Candle HIGH with NO SUPPLY i.e place for BUY
Potential Buy
Long MSTR through 3/19.MSTR math closer to fair value at 800 while BTC is around 48k-50.5k channel.
Was overpriced at 1300 when BTC was 45k on 2/9. 665 support was underpriced.
Now that the chart is more realistic I have identified channels optimal for the next 2 weeks leading up to quad witching, assuming BTC stays bullish.
MSTR 1000c 3/19.
MSTR down before the moon?MSTR is starting to get my attention after all these big drops, imo these prices are a steal, but can it go lower before heading up??
I'm thinking 714.05 might be my entry point to 869 maybe even 949
MSTR LONGI am late to post this trade.
I am in this trade myself.
It is negative at the moment. I guess it is better than posting a trade that I am in the black at the moment as people may comment that I should have posted earlier.
To buy the 1st pullback after an All Time High is also a possible strategy. However make sure you are consistent. I am still entering on stocks that make All Time High. This is just a value trade so I am sharing this.
All the best.
MSTR: 50% downside riskMSTR = 2.5x its BTC holdings
negative asymmetric payoff
SELL before it is too late
MSTR - too fast too soonMicrostrategy is at resistance. Fundamentaly my thesis says that biiger indices are going to decline quite soon. MSTR is low on usd and high in btc which should pull it down since mstr is currently priced high because of btc investment and not because of btc contribution
MSTR bull wedge - 1000+MSTR's announcement of a convertible note to buy yet more BTC seems to have put pressure on the name - presuably people shorting it while buying the convertible bond. This has formed up with a pretty text book looking bull wedge. This has a day or two to break to the upside - so long as BTC actually holds up, I see this going to 1000 or higher in the next few days.
MSTR- Resistance, then back to 1k!Not trading advice, but we were resistant here last time. So we have it again.... let's bust through and get rich with Michael! #btcbull
I longed MicroStrategy with a Small Position TodayI must say I adore Chief Executive Officer Michael Saylor and think he is brilliant and a wonderful communicator.
We all know the drill- they have taken out a $650m & a $950m loan at rates under .01% and have been buying bitcoin since sub $12k and then using the capital to pump it up. Which in turn continues to pump-up their own underlying assets which are bitcoins that were acquired at various levels from $10k on up.
They then use the new equity from all the underlying being pumped up and then take out more loans and do it over and over. Rinse repeat. This in essence lets them have a position essentially short the dollar and long bitcoin. Whats funny is people act like this is risky, yet if you think of how much traders are paying using margin (I do not recommend using margin in this manner if you want leverage run option spreads) traders are paying far more in margin interest then 1%.
"MicroStrategy Inc. boosted its convertible debt sale to buy Bitcoin by nearly half and cut the coupon to 0%, making it virtually a straight bet on the price of world’s largest cryptocurrency.
The software maker priced $900 million of senior convertible notes, up from the $600 million announced Tuesday, and gave an option for $150 million more within 13 days. The debt will pay no interest and the company estimates total proceeds of about $1 billion -- enough to buy about 20,000 Bitcoin at current levels."
Source: www.bloomberg.com
Fundamental Figures:
Market Cap 8.5B
Sales $480M
P/FCF 241 (Very high!)
EPS this Y +95.7%
Gross Margin 81%
Net Margin 5.4%
Interesting company, with Institutions owning now 86% of it, and I have read they include the following:
BlackRock Funds 14% 1,060,491 shares
Morgan Stanley Investments 10% 792,627 shares
Vanguard Group 10% 753,268 shares
First Trust Advisors 4.9% 355,600 shares
Mutual Funds also have decent exposure:
iShares Core S&P Small Cap ETF 6.5% 475,526 Shares
First Trust Cloud Computing ETF 4.38% 317,358 Shares
Vanguard Total Stock Market Index 2.78% 201,852 Shares
Vanguard Small Cap Index Fund 2.37% 172,112 Shares
iShares Russell 2000 ETF 2.3% 169,504 Shares
Government Pension Fund 2.14% 155,057 Shares
I longed today at $914, however I will only add to the position at $800 which we can see here is S2 on the pivots:
$800 as well will be where the 20d moving average will be, which is my favorite moving average to long off of after it confirms support. (Red Line)
And finally this is where we will meet the EMA Ribbon.
With the nice runup in Bitcoin today though I did open a small position at this high level. - At least there will be no FOMO feelings.
Good luck trading friends and do your due diligence.
Additional Citation: www.bloomberg.com
Microstrategy easiest long of all time?MSTR is basically "Bitcoin ETF", there is no way MSTR does not go up from now, Michael Saylor knows what he is doing...
