Trade ideas
MSTR - EW analysis - Up trend MSTR - It is in super uptrend and expecting small move up as 5th subwave of 3rd of 3rd wave up as shown like in chart. Buy it in each three wave sideways correction and profit booking is always a new high level.
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MSTR - February 7, 2021Back on our watchlist is MicroStrategy Incorporated, a company that provides business intelligence (BI), mobile software, and cloud-based services. The company is most known for holding BTC on their balance sheet and advocating for cryptocurrencies' corporate use cases. In the fallout of the GME and WallStBets situation, there is overwhelming anti-institutional and anti-traditional market sentiment growing among retail traders. This, coupled with the increasing popularity of cryptocurrency in the mainstream, could cause BTC to soar in the short run. MSTR allows traders to have indirect exposure to BTC without the complication of holding crypto directly. With the potential for new ATH's this week in BTC, look for MSTR to soar if a breakout begins.
Microstrategy to have a short-lived fall in the near termMicrostrategy to fall to the light blue line. If the crypto selloff continues and bitcoin reaches targets from $24,000 - $27,000, we may see Microstrategy touch the red line before any upside movement. Once the upside movement begins, the rally will be fun to watch - HH