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MSTR

I like this one long termAnyone thats a fan of BTC knows of Michael Saylor and they know that this is his company and he basically is the biggest bitcoin bull there is. This stock has a heavy correlation with BTC because of their holdings and moves more tightly with it. Because I dont think we are going below 60k again on BTC and we recently had a buy up and pull back. This in my opinion is great location to be long MSTR. I have some volume areas zoned out, but personally I only look at them as areas it might pause or to use as trade location. I really dont think what drives BTC and this stock have a great deal to do with volume zones like normal stocks do, but as crypto matures it very likely will stabilize and become more predicable. There arent many shares of MSTR available either the float is reported as 7.04m shares and an incredible 100.93% being held by institutions. This means you're not going to see a lot of intraday volume like other stocks, in other words, not a lot of paper hands hold this. The options premium is very juicy on this, they are wide and low volume but I've been able to get filled in the ballpark of mid after working my limit orders a bit. Get ready to cancel and resubmit your order a few times. But I have been able to sell some thick premium in there. I own some shares in long term investment accounts and trade the options for shorter term. I only make long trades on this one though. If it gets to a point where it seems BTC might back off or hit a new resistance, its really just time to let it do its thing until it comes back near the trend line to go long again.
NASDAQ:MSTRLong
by Rikity
2
BTCUSD to ~42k?I love bitcoin, but this run is looking pretty tired. The top may come soon - in the next few weeks as the coinbase IPO comes out. However, technically I see a lot of things getting weak in this chart. First, the bearish divergence between the RSI making lower highs while BTCUSD made higher highs. Next, we have a MACD that while turning up recently seems to be more tepid that the previous advances. In other words, buyers seem to be getting tired. I think we could find our way to the ~~ 42k range (or possibly even 30k, a full 50% retracement), lets say in the next month or two. To me, this shorter term view looks like we're heading down. Some decent mechanisms to play short include puts on MSTR, RIOT, MARA, CAN, BTBT. Ultimately I think this 59k level is the real test, but if you wanted to give some room, I would say if we confidently moved north of 62k this idea is wrong. otherwise my target remains 42k.
BITSTAMP:BTCUSDShort
by tacosaurus
SPRT next crypto miner leader Interesting play and even on existing business model CEO has a history of building companies. Didn't see this one coming but even with today's move we believe this is far from over. Have fun and enjoy the ride! Fundamentally should be multiples folds higher based on the competitive metrics and although it moved today once people do some work on this are realize what they got it should start to get real attention vs the day traders. $btc bitcoin miner
SLong
by Hatchetaxe
BTCUSD might soar as MSTR has added 19k+ BTCMicroStrategy MSTR just announced a couple of hours ago, they have purchased an additional 19,452 Bitcoin. This might send BTC souring to its new all time high. MicroStrategy MSTR press release: microstrategy.com/en/investor-relations/press/microstrategy-acquires-additional-19452-bitcoins-for-1-026-billion_02-24-2021 -------------- This content is for education purposes only. You should not execute any trade based on it. Please do your own research.
BITSTAMP:BTCUSDLong
by prhasn
BTC: VCP and Ascending Triangle breakout: price target 60-65KADDED to my BTC trade position here. Ascending Triangle breakout around 49.8K. Volatility Contraction pattern printing on 1 hr and 4hr charts. Strong news about Microstrategy issuing debt for more bitcoin purchases (900 Million). www.coindesk.com Coiling up like a furious snake. Is it possible to fail here? Yes, but Michael Saylor just announced a 900 Million debt deal to buy Bitcoin, what price is he going to buy at? Stop loss 10%. First profit target: 20%. Raising stops to break even at 10-14% unrealized gain.
Long
by EddieTradez
2
HUT - Cup and Handle pattern on dailyThis canadian bitcoin miner has formed a nice cup and handle on the 4 hour and daily chart. I prefer handles that do not go past the 50% Fib retracement. Potential catalyst would be uplisting to Nasdaq exchange from OTC for US traders and the OTC symbol is HUMF. I like MARA RIOT and HUT here in bitcoin mining sector. HUT has $48 mill net cash , while Mara and Riot have less net cash. HUT uses natural gas and Wind farms for energy, so a little cheaper production cost compared to MARA and RIOT. HUT has 3000 BTC inventory, MARA 4812 and RIOT 1053. *I live 2 hours away from their mining facility. Go Bitcoin! :)
TSX:HUTLong
by hockeysniper