Retracement necessary not sure if it comes after 500 breakWith all indicators hot of the press and looking for more room to run, things are stacking up against this; after a few key areas, from Fibonacci support, stochastic, RSI, and MACD blowing up, it has come to my attention that dreams can last longer just not infinitely.
1MSTR trade ideas
MicroStrategy Stock Hits Record High Since 2000🐂 MicroStrategy Stock Hits Record High Since 2000!
The company's stock reached $350, marking its highest level since the dot-com bubble 📈.
In 2000, MicroStrategy's stock also traded at $350.
💥 Record Bitcoin Purchase: Recently, MicroStrategy announced the acquisition of 51,780 BTC worth ~$4.6 billion at an average price of $88,627 per coin.
Their portfolio now stands at: 👉 331,200 BTC – the largest holdings among all companies worldwide.
👉 Total asset value in BTC exceeds $30 billion!
💪 MicroStrategy continues to accumulate Bitcoin despite the cryptocurrency's all-time high prices 🚀.
MSTR/BTC - Pump Mode!Is pumping hard and fully breaking out against Bitcoin as well as dollar.
Incredible that it is breaking out against Bitcoin while Bitcoin is in a strong uptrend.
Very wild and very lucrative.
Especially if you bought in the correction after BTC selling climax - see my Bitcoin video for details - linked below .
Already x4 up from there
MSTR will do another x6 from here up to $2.4K up to the reverse 2.272 extension I think 🚀.
The best crypto stock.
Not advice.
MICROSTRATEGY’S COMEBACK: HOW BITCOIN RESCUED A TECH GIANT Did you know? NASDAQ:MSTR was once the darling of the 90s tech boom, but spent TWO DECADES in decline after the bubble burst. 📉
That all changed when @saylor made the boldest bet in corporate history—he turned to Bitcoin. 💡 By selling equity, he fueled NASDAQ:MSTR 's massive BTC acquisition, and now? The stock has charged back towards its all-time highs after two decades. 📈
Critics called it reckless, but Saylor's vision was clear: Bitcoin would save the company. Now, he's vindicated—and MicroStrategy is thriving again
This is the power of conviction and bold moves in the face of doubt. 😤💯
The future will be built on decentralized technology and there is nothing better than BTC & DOGE 🧡 🚀
Looks like a Bear flag to me + insiders dumping LARGE amountsThis is going to crash and burn eventually. Their core business before taking out MASSIVE loans to YOLO CRYPTOCAP:BTC is absolute trash. This is a flat out PONZI. We all know at some point the music will stop. Also keep in mind that the BTC ETFs actually make more sense to gain exposure for a multitude of reasons. DYOR. From a technical perspective i see a BEAR flag...
MSTR eyes on $154: the Decision Zone for next moveMSTR is at a key level that should determine the next move.
Break-and-Retest of zone would be the buy signal to look for.
Rejection and loss of next fib below it would be a sell signal.
$ 152.17 - 154.08 is the exact zone of interest.
$ 175.25 - 178.09 will be the next target above.
$ 110.23 - 113.01 will be the key support below.
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MSTR / IBIT Comparison and PatternsThe MSTR/IBIT pair looking more and more like it develops patterns. It seems to be showing when Saylor taps the ATM. Will be following this development and if we get around 8.00-8.20 and see a similar drop in performance then I think this thought may have some legs.
What are your thoughts?
MSTR - Tuesday Nov 12 2024 - Bull Strategy PlayMicroStrategy shares jumped 26% after a $2 billion Bitcoin buy, raising total holdings to over $24 billion. The stock surged 960% since October 2023, hitting a 24-year high as Bitcoin neared $90,000. MicroStrategy has accumulated 279,420 BTC as a hedge against inflation, influencing other companies to adopt similar strategies.
MSTR Technical Analysis for Nov. 12, 2024Technical Analysis Breakdown:
Support and Resistance:
The price of MSTR is currently testing resistance at around $360. A confirmed break above this level could drive further upside momentum. The next key resistance is located at $380, which would be the target for a continuation of the uptrend. On the downside, immediate support is around $280, and a stronger support level can be found at $262.70, which could serve as a level to watch if the price experiences a pullback.
Indicators and Patterns:
RSI: Although the RSI isn’t visible on the chart, the recent price action indicates it might be nearing overbought levels, suggesting a possible pullback or consolidation if buyers start to lose momentum.
MACD: The MACD indicator shows a bullish crossover, signaling strength in the current uptrend. This bullish momentum may continue, but caution is advised if the MACD histogram starts to decrease, which could indicate weakening momentum.
EMA: Price is trading well above both the 9 and 21 EMAs, which confirms a strong uptrend. Staying above these EMAs supports the bullish case, while a breakdown below them would indicate potential short-term weakness.
Chart Pattern: The price action resembles a bullish channel, and it is currently testing the upper boundary. This could lead to either a breakout above or a retracement towards the middle or lower boundary of the channel.
Trade Setup:
Entry: I’m looking to enter around $360 on a confirmed breakout or to consider a long entry if the price pulls back and holds support at around $280.
Stop Loss: A protective stop is set at $275, just below the $280 support, to manage risk if there’s a false breakout.
Target: The first target is $380, with a second target at $400 if the bullish momentum continues.
Risk/Reward:
This setup offers a favorable 2:1 risk/reward ratio. With a clear stop-loss and defined targets, the trade has a solid potential for gains while managing risk.
Conclusion:
With MSTR testing resistance at $360 and indicators suggesting strong bullish momentum, the setup looks promising for a potential breakout. However, watch for any signs of exhaustion or a pullback if the price struggles to break this level. Ensure sound risk management by using stop-losses and position sizing.
Disclaimer:
This analysis is not financial advice. Please do your own research before making any trades. Trading involves risk, and past performance is not indicative of future results.
MicrostrategyMicrostrategy touched a new all-time high today. So far, the chart pattern is all consolidation sideways. Now, the bullish phase begins, and I look to the past amplitude of the chart to give me some indication of what is possible, and I apply game theory to get to $10,000 test. It can go higher, but $10,000 is 2/3rds of the way from the “neckline” to the “tech target. It’s a good place to sell.
MSTR heads up at $187.88: Golden Genesis a good exit cuz may dipThis is a follow up to my previous chart and entry call (click).
MSTR launched from our "Decision Zone" in previous chart.
Now approaching a major landmark, a Golden Genesis fib.
Scalpers should take profits, Holders should sell some there.
$287.88 is the exact level to watch for TP.
$261.94 is a minor ratio for aggressive SL.
$245.95 is strong ratio for conservative SL.
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Previous Analysis:
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MSTR: Is there any value here?MicroStrategy Incorporated ( NASDAQ:MSTR ) has a current BTC balance of 252,220, with plans released during the October ‘24 earnings call to issue both $21 billion in equity and $21 billion in debt to finance further BTC purchases through 2026.
The question becomes, is there value here? If the price of MSTR becomes increasingly dependent on the price of BTC, then why not just buy the underlying asset? The latter can likely already be answered. The price is entirely dependent. As noted in the company’s earnings call and outlined in the excerpt from the CoinGeek article below, MSTR’s software business has taken a backseat as the company has completely shifted its focus toward its BTC plan.
“On October 30, MicroStrategy released its Q3 financial report card, revealing a sharp decline in revenue from its (formerly) core business intelligence software business, while expenses and net losses saw significant increases. Software revenue for the three months ending September 30 fell 10.3% year-on-year, while the rising costs of that revenue resulted in a net loss of $18.5 million.”
During the call, Executive Chairman Michael Saylor insisted that MSTR is not purely a BTC proxy. Looking at the price performance for the past year, you can see that MSTR has outperformed BTC by a multiple greater than 4. As markets tend to do, this is likely the pricing in of future acquisitions. Unlike ETPs (or people, for that matter), MSTR has placed itself in a unique position, with the ability to utilize the various avenues of capital markets to increase its holdings. While this is fundamentally opportunistic, the increase in shares dilutes existing shareholder ownership, reducing their proportional share of MSTR's overall equity. However, given the long-term potential appreciation of BTC, the value of the underlying asset may offset this dilution, ultimately providing greater returns despite the increase in outstanding shares. This is no different than any other growth-oriented company, albeit Apple, NVIDIA, etc., actually produces something. If the price of the underlying asset goes down, this further decreases the BTC value per share, leading to a potential point of clarity for shareholders asking themselves, “why not just own the underlying asset?”
Looking ahead, I do think MSTR provides a unique opportunity. Inevitably, given the scenario described above, the stock will continue to face elevated volatility (something that the company has noted as a positive). Given future declines in the price of the underlying asset (presumably in 2026 and 2027), this allows MSTR to accumulate more BTC, reducing its cost basis and optimistically allowing investors to enjoy increased volatility to the upside yet again.
MSTRThe bullish case for MicroStrategy (MSTR) appears compelling. While the company has already experienced significant growth this year, several potential catalysts suggest further upside:
Bitcoin Market Dynamics
We're potentially entering the final phase of the Bitcoin bull cycle
The company's significant Bitcoin holdings position it to benefit from any price appreciation
Market Environment
Current market conditions suggest a potentially reflexive period ahead
Bitcoin price projections from analysts range from $220,000 to $500,000
Corporate Development
Recent earnings call highlighted a substantial $42 billion acquisition
This strategic move could significantly impact the company's valuation
Given these factors, MSTR's valuation could see substantial multiplication from current levels.