If the same technicals of growth, volatility, and previous lows and highs math estimates are correct, then as strange as it may sound, Bitcoin is 23% likely to reach $170,000 by Oct 31st 2023. Not to mention the fertile environment for Bitcoin given; 1. The recent turmoil in the regional banking world and the lack of trust of the banking system being...
The melt up moonshot... The market is incredible miss positioned for this bull run, this is actually worse then 2020 as Fund managers had an entire year of stacking short positions for the coming recession. Things like ATH Credit Card Debt and FED rate hike BS was feed to the masses and they ate it up, meanwhile all of my businesses(and everyone I know who owns...
Still as expected. NASDAQ:MSTR is a bit of a leveraged play... $BITO (so far) is still working out as the most pure spot play... and $GBTC yeah... there's Grayscale always in the news with the 40-50% sale. LOL Can you stomach the potential risk/reward of GBTC? Are we still using it as an informal technical indicator for coin movement? In my opinion, BITO is...
I've had a position in MSTR for a few months now and even though it's one of the worst companies in terms of stability and providing rising returns to investors, I think that it has strong potential for a large upswing. With the price of Bitcoin recovering and 28.36% of it's shares being shorted, I think that a short squeeze is imminent. I would even see it...
Its a pretty simple chart, short target was hit. Now tether will be used to squeeze the short traders who are looking for <15k Bitcoin. My play 5 MSTR Calls $145 Strike January 27th, will roll these forward to March at 50% profit 5 MSTR Calls $140 Strike March 17th
🧾 Intro The Nasdaq Blockchain Economy Index is designed to measure the returns of companies that are committing material resources to developing, researching, supporting, innovating or utilizing blockchain technology for their proprietary use or for use by others. The Index began on December 1, 2017 at a base value of 1,000.00. TOP 10 HOLDINGS and Index...
Okay guys look at this beautiful chat. Here you are looking at MSTR on the Daily TF and you have a lot of stuff going on. Notice the wedge pattern that is forming from the down slopping (yellow) line and the parallel (green) support line. That is forcing action to the corner of the wedge. You will also notice that before the continued downward movement in the...
1. Graphic Analysis Since March 2020, the company has been showing a strong correlation with Bitcoin (as shown at the bottom). The price is "respecting" the white diagonal line in a big triangle 3 times. It remains to be seen whether this line will be restored or whether it will now take off for good. Perhaps the fundamentalist analysis below indicates a subtle...
$MSTR Price action tells the story with no room for bias or subjectivity. And yes, the levels on the chart have been there for weeks; no real mystery. The #FTX debacle was merely the catalyst. The fact that prices went from the upper RED level at ~287 and cut right through the lower RED level at 186 tells you a lot. There is likely a lot more damage to come.
MSTR would benefit from a stock split. It is pricey for today's market conditions. It is showing improvement in its trend. The resistance above the high range is short-term and moderate. This would more likely be a swing style trade based on the runs and trend. There was a Dark Pool buy zone over the formation of the bottom. This can be a precursor for upside...
Q3 EPS of -$0.96 may not be comparable to consensus of $1.02. Revenue of $126.36M (-1.3% Y/Y) beats by $0.56M. The CEO of MicroStrategy again said that the company is not selling and does not plan to sell BTC, it plans to buy BTC in the future: “We have not sold any Bitcoin to date. To reiterate our strategy, we seek to acquire and hold Bitcoin for the long...
Let's take a look at one of my favorite ways to trade bitcoin, especially one of my favorite ways to trade Bitcoin on leverage by using 1x margin somewhere as simple as robin hood. Bitcoin and MSTR are so heavily correlated these days that its rather straight forward of a play to trade MSTR as if it's your Bitcoin vessel. MSTR. is also in a great range to buy...
Michael Saylor used to be revered by Bitcoin fanatics, since he was mega bullish their favorite asset class and loud as hell. The ultimate degenerate gambler in the space. His other people's money gambling habits are nothing new, as he battled with fraud allegations back in the hey day of the Dot Com bubble. Now he's making yet another fund raising round to buy...
The power of gann fanns, fibs and gap analysis doesn't continues to impress me more and more everyday! Sure, one can't really know what the future holds, and this weekend and 2 next weeks leading into the Jacksonhole FED announcements might spill more blood in the streets, but in my best estimation, it's really time to start getting bullish again! The signs are...
We all know the drill, if $DXY is moving up, more speculative assets like $BTC and other #crypto #altcoins will trend down. Pressure is on as $DXY aims to reclaim the lost ground between 108/109 as the EU traders move to exit and US pre-market gets their ☕️'s brewing. If we push back through to 109 and past 109.5, I expect to add onto my short $CRO positions and...
EU Open today bring more sideways action for us all. +-1-2% moves over night, nothing much, all things considering. The market has clearly tightened it's range for the past 2 days, anyway. Volatility is still expected, as we remain sandwhiched between two massive gappers on either side of $MSTR current levels in the $210-235 $300-325. $DXY continues to show...
Nothing more satisfying than charting out FIB lines and fining the place where prices are stuck aligns exactly with the FIB golden pocket... what else is there to be said? Waiting out the results for the day of my $CRO trade; short still and holding. No more accumulation, watching $DXY and $MSTR as we go!