The MicroStrategy chart is the only top signal that is somewhat cause for concern at the current moment.
You can see
MSTR has closed the past several weeks below the 50WMA, which signaled the start of the bear market last cycle.
Having said that, it has had a bullish rally this week and is trading above the 50WMA once again.
MSTR must close the week above this level, otherwise the stock could be in for a much deeper correction, which could negatively affect
BTC in October.
Where have you heard that October prediction before?
Coincidence? 🥸
You can see
MSTR has closed the past several weeks below the 50WMA, which signaled the start of the bear market last cycle.Having said that, it has had a bullish rally this week and is trading above the 50WMA once again.
MSTR must close the week above this level, otherwise the stock could be in for a much deeper correction, which could negatively affect
BTC in October. Where have you heard that October prediction before?
Coincidence? 🥸
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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.
Related publications
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.