For your 401k, it's Microstrategy all the way!Not trading advice.
MS has been a huge supporter of Crypto and we thank and support Michael Saylor in his vision of bringing crypto awareness! <3 I tend to follow this chart a lot since I can't get btc into my 401k or roth right now. So this is my proxy. It's a laggard behind btc, so if btc pops, MS tends to just shortly after. Here we see we are coming to a great buy set up. This upward trend should take a bounce if we see BTC act with grace. Let's keep an eye out for this opportunity to stack a little more.
4MSTR trade ideas
MSTR MicroStrategy - Downside potentialMicroStrategy's price is correlated with Bitcoin price. If we see a downturn in Bitcoin price in the short term, there may be a strong chance that MicroStrategy will also drop. One key area of support is the long term trendline outlined in the chart. The price point is around $590-610 range.
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
<TradeVSA> MSTR Completed Pullback in Weekly ChartSign of Strength in the chart:
1. Long period reaccumulation
2. NS signal at support
3. Green Pentagon Bullish signal in Weekly Chart
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Overlooked BTC ProxyIf the supercycle/blow-off-top theses hold true, MSTR could see a fast slingshot to, and likely past, previous highs in January. The move in January seemed to front run the sequential BTC rally to ATHs. MSTR fell while BTC gained over the following months into May. Stock is pretty much pricing in just the BTC holdings, so you get the core biz for free.
$MSTR Rounding bottom reaccumulation IH&SCall it a rounding bottom reaccumulation, ARC, or cup and handle, but its obvious we are turning around here on $MSTR and printing a potential inverse head and shoulders with hidden bullish divergence on the MACD
Provided bitcoin makes new highs after the spring backtest here, i think we will start hitting some of these deeper retraces here on MicroStrategy
Symmetrical Triangle /Earnings 10-28 A symmetrical triangle is neutral until a trendline is broken with a trend in that direction. MSTR has not beat earnings since 01/2020.
Earnings are 10-28 after market close.
Usually moves with crypto.
Not sure an earnings miss is conducive to a symmetrical triangle but time will tell. And they may beat )o: Life is a gamble I suppose. I think I will wait and see how this one plays out.
No recommendation.
Short interest is a bit over 24%
Who knows?
MSTR short trade As part of my ongoing accumulating of traders against cryptos and stocks with a lot of exposure to crypto, I am looking to add MSTR to my short portfolio. This has had its first bear break, correct and and I think it's soon due to make another move down. My first target will be the 161 extension.