Is Micro strategy about to collapse 70% in 2024??There is a number of reasons for this outlook.
1) Price action and RSI support breakouts. (price action breakout observable on regular chart, this is a logarithmic).
2) Strong negative divergence between price action and the oscillators. The strongest recorded since 2018 when it was bullish. Same oscillators.
3) The long ideas on this platform and elsewhere is incredible. Everyone is bullish on Saylor shill. Like Pied Piper leading his flock out to sea, they gladly follow.
4) Why 70% ?? Very simple, it is a first confirmed level of support. There is nothing between here and there without confirmed support.
Is it possible price action continues upwards? Sure.
Is it probable? No.
Ww