MSTRHead & Shoulders pattern here, inside the ending diagonal. The target is around $125 for a truncated 5th. Also the right shoulder has rejected off the 618% perfectly. Timber!
MSTR trade ideas
Distribution signals flash at EU Open [$CRO, $MSTR, $BTC]EU Open today bring more sideways action for us all. +-1-2% moves over night, nothing much, all things considering. The market has clearly tightened it's range for the past 2 days, anyway. Volatility is still expected, as we remain sandwhiched between two massive gappers on either side of $MSTR current levels in the $210-235 $300-325.
$DXY continues to show strength, but given the double top, it's possible for a short-term reversal, if not a all out dump in September when the Jacksonhole rate hike announcements are made. Stay tuned!
My custom Accumulation / Distribution scripts are warning that the market is likely over heated (on the 15m scale), which aligns with the fact that BTC also rejected it's approach to the golen pocket formed from the most recent dump.
All this is to say, i'm still holding only my $CRO short position for the time being. Last night my take-profit limits only managed to cover 25% of my open position as I slept, when Asia brought us down into the .126 range before retracing back to current levels as EU opened.
With only 4% gains at the moment, it's nothing to write home about, but i'll be looking for good opporutnities to accumulate more shorts, as my overall thesis remains about the same as it was yesterday. Lots of resistence around the .13 levels for $CRO. And lots of resistence for BTC at 21450-21500 (golden pocket). Same like 282-285 for $MSTR.
Watch the $DXY! If it continues to rise quickly, expect asset prices to further collapse!
$MSTR / $BTC Price Divergence$MSTR / $BTC (and many alt's in the green still for the day) are clearly off track from their usual correlation in the past hour+ from US market open. $DXY's pullback should imply we'll see $BTC / $MSTR head higher, but right now, it's any one's guess. $BTCUSD is forming a prety nasty little M pattern on the 5m chart. New York is looking prehaps to bring the prices down and cash in on the bull's who were too ambitions getting in on this morning's positive opening momentum? I'm still holding my short position. My guess is we're simply hitting too much resistence still, and the accumulation trend continues...
$MSTR Level check MondayDaily range 265 - 283
End of month range 210 - 220
We've put another pre-market gapper into the books in today's opening session on US markets for Monday, opening -5% below friday's dismal close. WIthin the first 1h candle we've recovered most of the gap, and current 1h candle volume is higher than average, so demand is strong for the moment at these levels.
The most recent gap between 300 and 325 is sticking out like a sore thumb. It's a highly contested area since the start of the month, where trading ranged from Aug 1-10. Everyone who went long in that zone, and everything above it once the market managed to flip it into support are now completely trapped.
The gaps of mid to late July are calling from around 210 to 230, which lines up with the distribution fann I see in the chart, leading us down to exactly 210-230 range by the end of the month. This, unfortunately for the HODL'ers among us, is shaping up to be the most likely scenario....
Where are you at with $MSTR?
💎🤙🏿 $MSTR $BTC Mind the Gap$mstr pre-market gapper signals we are primed for some massive volatility next week. $MSTR acts as the defacto #bitcoin index fund for US investors. 3/4 of pre-market gappers have been shown to trade in the previous days range within 24 hours. The scary part is nearly all gap are closed long-term, when we scale out to long enough timeframes, and we still have a nasty little fellow hiding down under $200 for $MSTR. The good news short-term is that the larger gap is from Friday's session, and it's massive. This amount of liquidity is going to be hard to pass-up for the big boys out there making the markets. They'll want their funds back sooner than later! Careful with your shorts this weekend!!! 10-12% feels nasty, but getting hit both on the way up and down can break you, without a doubt. Mind the gap! 💥 We could see a quick fakeout to recover the liquidity on the table, only to retrace strongly back to the downside to reclaim what was left on the table in the weeks past... watch those lines!
The alignment with the Aug 30 accumulation fann doesn't help the bullish case either. Careful to not catch the falling knife without gloves. Set your stop limits and take profits if you're in the green! This is no time to get greedy.
Microstrategy is Over-ExtendedI'm all in Micro when BTC goes to the 19-21k range, but I believe liquidity has kept BTC afloat over 23.5k and that will soon break. The price target of 280-290 we're currently running around 350 so would be a 60-dollar drop = $6000 in intrinsic value per option.
FAKE OUT TO THE UPSIDE BTCWE WILL FALL, this is a fakeout, grabbing Microstrategy October 350 put for $7000, if BTC rejects this morning jump MicroStrategy will test lows
also holding goog calls and black rock calls long with a small spy put position
Microstrategy long instead of BTCIf you want bang for your buck on bitcoin movement, microstrategy is your guy, hear mr out, super deep in the money leapsssss instead of owning bitcoin. If bitcoin launches to 60k um you have so much more upside exposure
Microstrategy (=Bitcoin) Yeah not much to tell here. Basically it was discounted Bitcoin, and probably is still.
Their software business is very tiny compared to the bitcoin hodlings, but its nevertheless solid.
NFA
333 by July 14I call this a bullish swivel. $$$ squeeze setup about to unfold for a lot of names.. MSTR could hit 330s in the next couple weeks. We have seen what it can do in the right environment last Jan., Saylor knows - this could go way above 330s if this gets triggered.
Here's examples of the pattern:
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MSTR has been attracting shorts and they'll pay no doubt. The bulk of this data is from shortsqueeze.com
Short Interest Ratio (Days To Cover)
3.9
Short Percent of Float
~ 37.7% (maketwatch, unknown or not listed on shortsqueeze.com)
Short % Increase / Decrease
7 %
Short Interest (Current Shares Short)
3,460,000
Shares Float
Unknown
Short Interest (Prior Shares Short)
3,230,000
MSTRThere are two possible scenarios for the forward price movement of MSTR. Reaching the support level of 110, a temporary return of the price or breaking 110 and the price continues to fall
MicroStrategy still heading sub $100I still think we will se a last trip down in the $BTC price before heading for $30,000 per coin.
No doubt that $MSTR is extremely sensitive to that PA. Which is also why this stock will become extremely valuable once $BTC travels to new ATHs.
Not only does the company own a ton of coins, but they also have the #1 advocate and spokesperson for Bitcoin as their CEO. That's why I can easily see $MSTR outperform $BTC in this cycle.
I've got a chunk of fiat side-lined for when we enter the drawn box. An area in which the stock has spend quite a lot of time in in the past.
6/26/22 MSTRMicroStrategy Incorporated ( NASDAQ:MSTR )
Sector: Technology Services (Internet Software/Services)
Market Capitalization: $2.321B
Current Price: $205.44
Breakout price: $222.50
Buy Zone (Top/Bottom Range): $195.30-$135.90
Price Target: $404.50-$418.10
Estimated Duration to Target: 99-103d
Contract of Interest: $MSTR 10/21/22 220c
Trade price as of publish date: $44.80/contract
MSTR: About that margin call...2 bottom signals b2b on Cipher bouncing off the 1.618 fib at $136 should indicate that a temporary bottom is being set here for MSTR and probably bitcoin as well. Relief rally incoming back to the 1 fib level/Yearly VWAP at $278. Last week's barrage of FUD was strong ranging from MSTR's supposed margin call to Celsius's liquidity concerns.
That being said, the bear market is just getting started for MSTR and BTC as shown by the weekly money flow deep in the red.
Microstrategy to sub $100 per stockGive me one good reason as to why $MSTR should not visit the lows of this fibonacci retracement .
Right now you can't.
Will it see ATH again? "Absolutely". But it will continue to bleed along $SPX and other stocks.
Good to hear Michael Taylor assure everyone that they will be fine no matter have bad $BTC will dump.
Microstrategy Vs. BitcoinFor over a year, Microstrategy has been moving in lockstep with Bitcoin.
Not surprising since, Michael Saylor has "bet the house" on the cryptocurrency.
MstrMicrostrategy gap fill in the works here
Dragged down by the crypto/stockmarket crash
But oversold and cheap at these levels at least until the gap fills
ACCUMULATION ZONE ON MSTR Hello traders, accumulation zones to buy . one thing about mstr is it follows btc movement and btc follow S&P 500 movement.
trade smartly.
Tradehubng
$MSTR LONG$MSTR Supply/Demand
Heavily shorted, something like 40% of float?? people going short $MSTR and long $BTC...along with others going short that think $BTC goes to zero and $MSTR to implode.
Congress working on bill to integrate bitcoin/digital assets into financial system Tues.
Microstrategy MSTRBreakdown of lower wedge. To me this is an advance indication of Bitcoins trajectory.
MSTR short Not the cleanest of setups but the strong divergence in this and BTC makes me interested in fading the move.
