MicroStrategy'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
I think it's a very risky idea as there could be potential short-term downside on bitcoin but most analysts are bullish going into quarter four if we get a sell-off I think it will be a quick reversal and most of the dumpage on microstrategy has already happened make a strategy tends to be a leading indicator on bitcoin when it comes to sell offs and a lagging indicator on bitcoin when it comes to upwards price movement
MillionaireEconomics
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@shilohjt, thanks for your feedback. Following MicroStrategy is almost like following Bitcoin, so I hold my idea for now since Bitcoin has potential downside still. Just my opinion.