This is a ratio of 
MSTR / 
IBIT and the idea here is that MSTR MicroStrategy is growing undervalued in terms of Bitcoin / IBIT, and the ratio is about to take out an important low.
This seems like an ideal time to consider a buy onMSTR if you believe the Bitcoin bull market is not yet over, as it has been in a trend of underperformance, and could quickly shift back to outperformance if the Bitcoin bull market gets back underway.
How you choose to trade this could take many forms, I mostly just wanted to raise awareness of the setup.
MSTR / IBIT and the idea here is that MSTR MicroStrategy is growing undervalued in terms of Bitcoin / IBIT, and the ratio is about to take out an important low.This seems like an ideal time to consider a buy on
MSTR if you believe the Bitcoin bull market is not yet over, as it has been in a trend of underperformance, and could quickly shift back to outperformance if the Bitcoin bull market gets back underway.How you choose to trade this could take many forms, I mostly just wanted to raise awareness of the setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.