MSTR trade ideas
MSTR - December 20, 2020MicroStrategy Incorporated is a company that provides business intelligence (BI), mobile software, and cloud-based services. They are known as one of the most prominent institutional BTC investors after investing $ 250 million in August, and recently raising $ 650 million in debt with plans to purchase more. With BTC crushing past ATH's last week and breaking the $24, 000 level, look for MSTR to garner significant investor attention in the short term future. With the potential for BTC to test $ 25,000 levels in short term, look for MSTR to follow the largest cryptocurrency's movements throughout the week.
$MSTR tape weak for a Bitcoin playIt had a strong start but tapered off as the day progressed even though BTC was making new highs. $318.50 a good resistance area to open shorts for it to move back towards $280 region
Microstrategy iron butterfly 12/18 expiryMicroStrategy said on Monday that it plans to offer $400 million of convertible bonds in order to buy more Bitcoin. They already own $50 million of Bitcoin on their balance sheet. It's core business is the provision of enterprise analytics and mobility software. But since the CEO, Michael Saylor, said they are holding 75% of their balance sheet in Bitcoin, this has become more of a proxy to trade BTC price action value recently. I see a good potential options play here with an iron butterfly 12/18 expiry.
buy $290 call = $14.60
buy $290 put = $19.15
sell $320 call = -$9.25
sell $260 put = -$7.20
total = $17.30
Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...
*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors
7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
www.tradingview.com
MicroStrategy (MSTR)This company can be considered a BTC-ETF, on Tuesday 7th December it plans to offer $400 million worth of convertible bonds to raise funds to purchase more bitcoin. Proceeds from the private offering will be invested in the cryptocurrency "pending the identification of working capital needs," the company said.
As of December 4, 2020, MSTR held approximately 40,824 bitcoins that were acquired at an aggregate purchase price of $475.0 million.
Microstrategy broke through 20 year old Resistance! 2k possible?Wow.. Microstrategy just broke through a 20 year old resistance from the dot com era. Can it go back to 2k? We'll see.
Not advice. Do your own research. Every asset can go to zero.
bitcoin dumping... microstrategy dump tmw?dont know if ill actually play this but looks like a good short setup here considering all they hype that was pumpin mstr is gone now.
a lot of historical levels line up with fibs here. good levels to watch even if you're long.
CITRON is giving a GREAT LONG opportunity with $MSTRCitron following intraday trading strategy idea
MicroStrategy Incorporated provides enterprise analytics software and services worldwide.
The share price is rising and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $232,20;
take-profit — $252,33/MOC price;
stop-loss — $225,49.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Fintech crypto offensiveMicrostrategy showing strong monthly MACD cross, and increasing RSI as IoT company holding a bunch of BTC. Will more than offset inflation we're seeing from gov printing US$ and printing more....
MSTR 1DyThis company microstrategy does a lot of AI assist stuff. The ceo made a brilliant play with the purchase announcement on there ridiculous 3 day bitcoin non stop buy. This last week BTC spiked a bit and MSTR went up 5plus %. Other companies have cash on the side lign and definitely noticed this. (also see SQ or Square)
Look for other traditional companies stepping into BTC and crypto in the coming weeks especially if btc continues this upward trend remaining and solidifying its place as the gold of crypto.
Dow drops 1,175 points :( #17 MSTR)I think I does not need to do a four sheets report with a fancy technical analysis to explain my idea or to identify where the price is going.
But some words are enough: look the red arrows above the past support and the broke of the counter trend line.
$MSTR. Likely to go up into earningsNo position in $MSTR.There is a positive divergence pattern happening since
the last crash (28 August 2017). I predict this stock to increase into earnings and also during earnings (provided there is an earningsbeat/upbeat guidance).
Resistance is seen at $141.65. Although there is a large gap to fill, which may be a positive moving forward.The downside risk seems to be high, as the next support level is at $108 and then $101.5.
