MSTR weekly bull divergence on low sentiment

Sentiment is low, the asset is hated and misunderstood by TradFi and retail. It’s a recipe for a bottom!

Price is still in a wave (IV) which are expected to be long and drawn out, driving investors into shallow capitulation through boredom into patient hands. I don’t expect wave (V) to kick in until Bitcoin moves. Wave (V) has an expected target of the R3 daily pivot at $1039 but will overextend if Bitcoin does.

Price has fallen out of the lower channel boundary and sitting below the weekly pivot, still above the weekly 200EMA so the outlook is bullish. Wave (4) may complete at the 0.236 Fibonacci retracement at $230. For now I am waiting to see what happens before entering. Good opportunities are setting up.

🎯 Terminal target for the business cycle could see prices as high as $1000 based on Fibonacci extensions

📈 Weekly RSI has bullish divergence

👉 Analysis is invalidated if we close back below $82