Can MSTR stay in the this rising channel for another six weeks? It would seem unlikely, but so was their stock price rising 507% in the past year. I guess 200% from here is possible, especially if Bitcoin performs as predicted and hits $100K this year. We shall see.
Bitcoin is set for a measured move to $118,000. 1. Cup and handle price target and set to break out of the handle any week now 2. MACD curling up in positive territory 3. Current price above 50 and 200 SMA, both pointing up to the right 4. Current price broke above I-Cloud 5. RSI at a solid number but not overbought. Plenty of room to run Good luck to all
Looks like this bearish wedge could send the price down 4%, supported by the bearish diverging RSI. Plan your trade. Trade your plan. Conserve and preserve capital.
Thee is nothing too complex here. Simple bullish wedge wioth a measured move of 800 points. This is obviously depending on a similar break out for $BTC. We shall see.
Let see how this works out. The price broke out of the bull flag before back testing the resistance/support. $1,800 in 8 weeks seems aggressive, but the PEG ratio is a teeny tiny 0.83. There is obviously room to run.
The price will drop until it stops going down. This is one possiblity.