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Microstrategy

September14 BTCUSD Bingbon Chart Analysis and Today's Headline Bingbon's Bitcoin Chart Yesterday was an interesting day for the crypto market. According to Bloomberg, Walmart announced online payments with Litecoin, stating that it will offer the option to make online payments with Litecoin starting October 1. As expected, Litecoin price spiked on Monday, extended gains to 20 percent, and Bitcoin briefly rose to $46,000. However, Walmart quickly confirmed that reports of a partnership with Litecoin were actually false. Litecoin's price turned lower after rising nearly 30% at one point. Bitcoin price overall maintains a downward trend. On the daily chart, Bitcoin price is currently finding support around the 60-day moving average. BTC remains consolidated above $43,400 in a narrowing range. On the weekly chart, BTC is at dead fork risk unless it moves back above $47,400. Today's Cryptocurrency Headline MicroStrategy, a US-listed company, bought about 8,957 Bitcoins between July 1 and September 12, spending a total of $419.9 million, according to its Form 8-K filed with the SEC. The average purchase price per Bitcoin is about $46,875. Between August 23 and September 12, MicroStrategy bought another 5,050 Bitcoins for a total of about $242.9 million, with an average price of $48,099. As of September 12, 2021, the company held about 114,042 Bitcoins and spent a total of $3.16 billion. The average purchase price per Bitcoin is about $27,713.
Long
by BingX
2
Bitcoin is Bullish. BITMEX:XBT Since the complete Crypto meltdown MSTR has outperformed Bitcoin off the lows. Saylor announced that MSTR has bought another $500 million worth of Bitcoin and also filed to sell up to $1 billion worth of MSTR to fund more Bitcoin purchases. MSTR now holds around 110,000 Bitcoins. Many institutions have expressed interest in Bitcoin exposure which carries great risk for them to custody the Bitcoin themselves. Being that MSTR is basically a Bitcoin holding company it seems that institutions are buying the Bitcoin dip. To keep it simple..... Number go up.
NASDAQ:MSTRLong
by UnknownUnicorn5478134
Let's watch MSTR! High risk - high reward! 👀MSTR just went down to close a gap, and now it looks like it wants to react. In fact, now is a good time for a bullish reversal, as we are near support levels. The problem is the 20ma, but the 4h chart looks interesting: We hit a support level, and now we have a hammer candlestick trying to reverse the trend. The RSI was overbought, but after today’s drop, it is back to normal. I wouldn’t say it is a buy right now, but we must keep our eyes open. In the daily chart we are just above the 20ma: If MSTR breaks the 560 again, it can go up for the 650 next. But if it loses the 513, then it’ll keep pushing down to the 420! . Let’s wait for a confirmation here on MSTR! Also, with the proper risk management, everything is possible ;) If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉. See you soon, Melissa.
NASDAQ:MSTR
by UnknownUnicorn21312077
1
REALISTIC RECOVERY AFTER THE MAZE - MICROSTRATEGY - MSTR - DAILYRare are the one's publicly showing that they are going all in the bitcoin investment because of its volatility. Looking at the MSTR Nasdaq "Microstrategy" curve since 2020, we see a pattern looking like any small gem crypto chart pattern on any DEFI (Decentralized Finance) platform. It went up with lot of maze, became parabolic and ended with super volumes top squeeze. After the fall we see some consolidation and later on a more realistic price increase in a flatter angle. The red horizontal zone is probably the area where the price is trying to find a support. Huge sells volumes have been defeated recently. We will probably see the price increase if it passes over this red zone with nice volumes. The end of year possibly will probably see a much more "greener" Bitcoin, will it become profitable for MSTR? ____________________________________________________________________________________ Thanks for your likes, shares and comments! Much appreciated! This is not financial advise, just some ideas shared with the community.
NASDAQ:MSTRLong
by Diallo_Charts_Ideas
Who Is Driving BTC Price? MicroStrategy Based On Elliott WavesHello traders! Today we want to show you how strongly MicroStrategy and Bitcoin are correlated, so it can be telling us who is driving the price of Bitcoin. As you can see, charts are in tight positive correlation and looking at the wave structure of MicroStrategy from Elliott Wave perspective, seems like one more leg down is missing to complete a five-wave cycle within wave (C), therefore BTC may stay down or sideways for some time. From psychological point of view, many new Crypto traders are buying dips now in fear, desire, and greed not to miss again, so in Crypto market is always dangerous when the price turns for 50% from the highs, so we have to be very smart and patient. We actually believe that BTC is still trading in a correction, it's just a higher degree corrective phase which can be a bigger one and it may take some time to make traders insecure and impatient before bulls show up again. Be humble and trade smart! If you like our idea, then please like and share it. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NASDAQ:MSTR
by ew-forecast
6