Trade idea: $MSTZ 2X inverse #MSTRThese measured moves are determined from the #cupandhandle pattern.
There is also a inverse head and shoulders pattern within the CUP section, giving further credence that we shall this pattern perform to target.
And thus see further weakness with #Saylor's #Bitcoin investment vehicle.
What goes up must come down.
The current BTC nav sits at $65,827
The premium is leaking out with the mNav at 1.34 likely to test parity
MSTZ
$MSTR better not cross $315 or less....While many don't agree with the direction that MSTR is heading, the technicals seem to tell a very clear story. Looking at support and resistance levels, we can see a strong resistance levels - which is miles away from where it is today! - and seems to be encroaching to support levels of around $315. If NASDAQ:MSTR breaks $315, CBOE:MSTZ could be a VERY NICE play.....
Have a hunch that we'll see an UltraShort signal soon, and then show will begin!


