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MSTR

MicroStrategy Announces Proposed Private Offering of $600 MilMicroStrategy® Incorporated (NASDAQ: NASDAQ:MSTR ) has announced its intention to offer $600 million aggregate principal amount of convertible senior notes due 2030 in a private offering. This strategic move underscores MicroStrategy's ( NASDAQ:MSTR ) commitment to expanding its Bitcoin holdings and pursuing innovative technology initiatives. Empowering Bitcoin Acquisition: MicroStrategy's ( NASDAQ:MSTR ) proposed private offering of convertible senior notes reflects its steadfast focus on accumulating additional Bitcoin holdings. The net proceeds from the sale of the notes will be utilized to acquire more Bitcoin, further solidifying MicroStrategy's ( NASDAQ:MSTR ) position as a prominent player in the cryptocurrency space. By leveraging its financial resources, MicroStrategy ( NASDAQ:MSTR ) aims to bolster its Bitcoin treasury reserve asset, aligning with its vision of becoming a leading Bitcoin development company. Strategic Investment and Corporate Growth: In addition to fueling Bitcoin acquisition, the proceeds from the notes offering will support MicroStrategy's ( NASDAQ:MSTR ) general corporate purposes. This includes funding technology innovation initiatives, advocacy efforts, and the development of AI-powered enterprise analytics software. MicroStrategy's ( NASDAQ:MSTR ) multi-faceted approach encompasses both its core focus on Bitcoin accumulation and its commitment to advancing technology innovation, positioning the company for sustained growth and value creation. Navigating Regulatory Landscape and Market Dynamics: MicroStrategy's ( NASDAQ:MSTR ) decision to pursue a private offering of convertible senior notes underscores its agility in navigating evolving regulatory landscapes and market dynamics. As the cryptocurrency industry continues to evolve, MicroStrategy ( NASDAQ:MSTR ) remains proactive in its strategic initiatives, leveraging its operational structure and financial flexibility to capitalize on emerging opportunities and mitigate potential risks. Conclusion: MicroStrategy's ( NASDAQ:MSTR ) proposed offering of $600 million convertible senior notes represents a strategic milestone in the company's journey towards enhancing its Bitcoin holdings and advancing its technology innovation agenda. With a steadfast commitment to Bitcoin accumulation, coupled with its expertise in enterprise analytics software, MicroStrategy ( NASDAQ:MSTR ) is well-positioned to drive value creation and innovation in the cryptocurrency ecosystem.
NASDAQ:MSTRLong
by DEXWireNews
4
$MSTR Momentum IndicatorNASDAQ:MSTR Momentum Indicator had a buy signal on 2/8/24 A momentum indicator is a technical analysis tool used to measure the rate at which the price of a security is changing. It compares the current price of an asset to its historical prices over a specific period to determine the strength or weakness of the trend. Momentum indicators are typically represented as oscillators or line charts, with values fluctuating above and below a central line or between predefined levels. Traders use momentum indicators to identify potential trend reversals, confirm the strength of an existing trend, or generate buy and sell signals. Popular momentum indicators include the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator.
NASDAQ:MSTR
by AlgoTradeAlert
MSTR on Path to be in the top 20. Ranked 473. Congratulations on MSTR and Michael Saylor pushing MSTR into the top 500 US companies. This is a major event for Bitcoin as this puts MSTR in S&P 500 indexes meaning global capital will automatically allocate to MSTR that will then use funds to purchase more Bitcoin pushing the MSTR price up. Using corporate debt and smart leverage. MSTR & Spot ETF's will be the main factors to how Bitcoin makes it's way to $1,000,000 Bitcoin will be over a 10 Trillion market cap and the MSTR price will trade over $25,000. Full transparency I have rotated my miners into MSTR & BITO calls. For now nothing is going to beat the MSTR & BITO Gamma offered till the end of the cycle. Miners will be a great pickup during the bear market. MSTR is now the Berkshire Hathaway of Bitcoin.
INDEX:BTCUSD
by FederalXBT
4
MICROSTRATEGY Top of the Channel. Time for a shortterm pullback?MicroStrategy Inc. (MSTR) has been trading inside a logarithmic Channel Up on the 1D time-frame since the December 30 2022 bottom. The price is currently at the very top (Higher Highs trend-line) of the pattern and that is a technical bearish signal on its own. It gets increasingly relevant though if we consider the 1D RSI which is overbought and at its highest level since November 13 2023 and more importantly, the remarkable symmetry among the phases of the Channel Up. As you ca see the price action from the October 04 2023 Higher Low until today is very similar with the price action from the December 30 2022 bottom until (so far) the April 14 2023 High. Both started on a +136.17% rise then -40% correction and a Channel Up rebound for a new Higher High. The symmetry is evident among the 1D RSI sequences as well. If this continues to hold, we should be expecting a -22.88% pull-back followed by a +77.48% rally that will break above the long-term Channel Up, which would inevitably do at some point since the stock price is so positively correlated to Bitcoin's price. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:MSTR
by TradingShot
2
Bitcoin approaching $60,000. Getting closer to All-Time High!Bitcoin (BTC) Is getting closer to $60,000 and may eventually break the All-time High. There are a few ways to capitalize on BTC moves. 1. Direct purchase of crypto from crypto exchange like Coinbase 2. Invest in stocks associated with BTC. Examples include NASDAQ:MARA , AMEX:GBTC , NASDAQ:COIN , NASDAQ:RIOT , NASDAQ:MSTR 3. Invest in LEAPS options on the same stocks (powerful strategy) 4. Invest in ETFs associated with BTC. Examples include $ARKN, NASDAQ:IBIT , AMEX:HODL , AMEX:FBTC , AMEX:BITB 5. Invest in Bitcoin futures Expect all of these to move up as BTC approaches $60,000
COINBASE:BTCUSDLong
by PortfolioBuildersClub
BTC Price Blasts To $57,100 The price of Bitcoin didn't hesitate to surge comfortably to $57,200 as of writing—reaching heady altitude despite more than $157 million in Bitcoin shorts being liquidated over the last 24 hours, according to CoinGlass. The milestone comes only hours after BTC surged over $53,000, already seeing heights not seen since 2021. Investors who took a short position on Bitcoin—betting that its price would go down from when the option to buy was secured—are liquidated when the price rises instead, triggering automated actions by exchanges to prevent further losses. BTC has logged, then, an intra-day increase of about 10%—a return that would look great as an annual return for conventional investment vehicles. And the green candles are being driven by tradfi hunger for Bitcoin spot ETFs, which also saw record inflows today. Top institutional Bitcoin holder MicroStrategy had just grown its Bitcoin holdings to 193,000 BTC. That stash was worth $10.28 billion when founder Michael Saylor tweeted about the acquisition of 3,000 Bitcoin this morning. It's now valued at $10.9 billion, a $620 million single-day bump. The firm has paid an average of $51,813 per Bitcoin, Saylor notes. It was October 2021 when crypto watchers were similarly breathless, watching Bitcoin rise above $57,000—again, as that figure represented its all-time high at the start of that year—as it continued a two-week rally. It eventually $69,000 in November.
BINANCE:BTCUSDLong
by DEXWireNews
3
Michael Saylor’s MicroStrategy Buys $155 Million In BitcoinMichael Saylor, the visionary executive chairman of MicroStrategy ( NASDAQ:MSTR ), has once again propelled the company into the cryptocurrency spotlight. With a bold purchase of $155 million worth of Bitcoin, MicroStrategy ( NASDAQ:MSTR ) continues to cement its position as a frontrunner in the realm of digital assets. Expanding Bitcoin Holdings: MicroStrategy's ( NASDAQ:MSTR ) latest acquisition of nearly 3,000 Bitcoins brings their total BTC holdings to an impressive 193,000. Executed at an average price of approximately $51,813 between February 15 and February 25, 2024, this move underscores Saylor's conviction in Bitcoin's long-term value proposition. Strategic Financial Maneuvers: The funding for this substantial Bitcoin purchase originated from proceeds generated through the issuance and sale of shares, demonstrating MicroStrategy's adeptness in navigating the evolving financial landscape. Saylor's calculated decision-making stands in stark contrast to concerns surrounding potential negative impacts of Bitcoin ETFs on NASDAQ:MSTR , highlighting MicroStrategy's unique position as an operating company with a distinct strategic vision. Robust Asset Management and Security: MicroStrategy ( NASDAQ:MSTR ) remains steadfast in its commitment to safeguarding its digital assets, entrusting 98% of its Bitcoin holdings to Fidelity Custody while diversifying its asset management and security through Coinbase Prime. This multi-faceted approach underscores MicroStrategy's dedication to maintaining the integrity and security of its cryptocurrency investments. Market Performance and Outlook: In tandem with MicroStrategy's ( NASDAQ:MSTR ) bold Bitcoin acquisitions, NASDAQ:MSTR stock (NASDAQ: MSTR) has experienced significant gains, surging by 6.77% trading at $733. With the prospect of surpassing the $700 mark once again, MicroStrategy's ( NASDAQ:MSTR ) strategic alignment with Bitcoin's upward trajectory continues to fuel investor optimism. Reflecting on Success: The meteoric rise of both MicroStrategy ( NASDAQ:MSTR ) stock and Bitcoin price underscores the symbiotic relationship between traditional finance and the burgeoning cryptocurrency ecosystem. As NASDAQ:MSTR stock continues its ascent, propelled by Bitcoin's meteoric rise, MicroStrategy ( NASDAQ:MSTR ) remains at the forefront of revolutionizing the intersection of traditional finance and blockchain technology.
NASDAQ:MSTRLong
by DEXWireNews
RIOT RUNS ON BITCOIN LONGRIOT is shown on a 15 minute chart over the past 7 trading sessions showing 3 trends up then with intermittent consolidation then a trend dow. The trend down is the most important. Given the strength shown on the indicator demonstrating bullish divvergence I believe that RIOT is now set up for a pullback entry long either shares or options at this time. Let me know if you need trade specifics for either. See my other ideas for BTCUSD, MSTR, HUT, BITF and the rest. COIN is also worth a look as an earnings play. Buyer note- any of these could go into short squeeze if a decent upside price action sets things in momentum.
NASDAQ:RIOTLong
by AwesomeAvani
MicroStrategy's Market Cap and Potential S&P 500 InclusionMicroStrategy ( NASDAQ:MSTR ), a Bitcoin development company, has seen a surge in its shares, driven by the rise in Bitcoin prices, and now holds over $10 billion worth of BTC. The company's market capitalization currently stands at approximately $12.4 billion, which is not too far from the $15.8 billion required for inclusion in the S&P 500 Index. This index tracks the large-cap U.S. equity market across 500 companies. If it qualifies for the S&P 500 Index, MicroStrategy's ( NASDAQ:MSTR ) shares could see new demand from passive SPY investors, who are not necessarily seeking Bitcoin exposure. According to experts, inclusion in the index could trigger a positive feedback loop, benefiting Bitcoin, as MicroStrategy's primary goal is to acquire as much BTC as possible. MicroStrategy ( NASDAQ:MSTR ) has marketed itself to investors as a Bitcoin ETF with perks, including cash-generative operations and the ability to leverage capital markets. However, experts caution that using NASDAQ:MSTR as a proxy for Bitcoin exposure is misguided. The company is exposed to a wider range of variables, such as management expertise and lending environment. Inclusion in the S&P 500 Index is not guaranteed, as eligible companies must fulfill several criteria, including being domiciled in the United States, boasting sufficient liquidity, and showing net positive earnings over their previous four quarters. Even Coinbase, a crypto exchange with a $39 billion market cap, has struggled with profitability over the past four quarters and has not made it into the S&P 500. It's worth noting that exchange-traded funds, including Bitcoin ETFs, are also ineligible for the S&P 500.
NASDAQ:MSTR
by DEXWireNews
BITFARM a penny cryptominer LONG CONTINUATIONOn the 15 minute chart BITF did 25% this week as Bitcoin climbed over 45,000. It is running hard with lots of its peers. IF BTCUSD trades up all weekend there will be continuation. The best options which closed Friday afternoon did 5X overnight, some of the peer's had 5-13X. The RSI indicator and ZL MACD are supportive. the Stochastic adjusted to a period of 14 x4=56 is getting overbought. All depends on BTCUSD ( and ETHUSD) as stablecoin high market caps over the weekend. My options are open and rolled into the following Friday.
NASDAQ:BITFLong
by AwesomeAvani
MSTR Bitcoin Boom: Saylor's Bold Moves Yield 46% Surge in a WeekMicroStrategy ( NASDAQ:MSTR ) has emerged as a beacon of innovation and foresight, led by the visionary Michael Saylor. As the clamor for cryptocurrency reaches a fever pitch, Saylor's strategic maneuvers have positioned MicroStrategy ( NASDAQ:MSTR ) at the forefront of the Bitcoin revolution, yielding a remarkable 46% surge in stock value within a single week. Saylor's Revelations: Unveiling the Demand for Bitcoin ETFs At the heart of MicroStrategy's meteoric rise lies Michael Saylor's keen insight into the burgeoning demand for Bitcoin Exchange-Traded Funds (ETFs). With investors clamoring for traditional avenues to access the digital currency, Saylor's bold assertion of a tenfold increase in ETF demand underscores MicroStrategy's ( NASDAQ:MSTR ) astute alignment with market dynamics. MicroStrategy's Strategic Shift: From Software Titan to Cryptocurrency Leader Gone are the days when MicroStrategy ( NASDAQ:MSTR ) was solely synonymous with software solutions. Under Saylor's guidance, the company has undergone a seismic strategic shift, rebranding itself as a vanguard in the realm of cryptocurrency. By amassing substantial holdings of Bitcoin, MicroStrategy ( NASDAQ:MSTR ) has not only embraced the digital currency but has also cemented its status as a trailblazer in the field. Despite this pivot, MicroStrategy ( NASDAQ:MSTR ) remains steadfast in its commitment to its core software and business intelligence offerings, which continue to serve as linchpins of revenue generation and client satisfaction. This delicate balance between tradition and innovation underscores MicroStrategy's versatility and resilience in a rapidly evolving market landscape. Future Growth Strategies: Pioneering Financial Planning for the Digital Age Looking ahead, Michael Saylor has outlined a vision for MicroStrategy ( NASDAQ:MSTR ) that transcends mere adaptation; it encapsulates a proactive pursuit of growth and value creation. By leveraging capital markets and exploring strategic initiatives such as stock splits and capital restructuring, MicroStrategy ( NASDAQ:MSTR ) aims to optimize its financial resources to fuel expansion and innovation. Conclusion In conclusion, MicroStrategy's ( NASDAQ:MSTR ) meteoric ascent amid the Bitcoin boom epitomizes the power of visionary leadership and strategic foresight. Under Michael Saylor's stewardship, the company has not only embraced the winds of change but has also harnessed them to soar to new heights of success and prosperity. As the cryptocurrency revolution continues to unfold, MicroStrategy ( NASDAQ:MSTR ) stands poised at the vanguard, a beacon of innovation illuminating the path forward for investors and industry titans alike.
NASDAQ:MSTRLong
by DEXWireNews
MicroStrategy's Bitcoin Bet Pays Off BigMicroStrategy ( NASDAQ:MSTR ), the pioneering business intelligence software giant, has been making waves in the financial world with its bold and unconventional investment strategy: accumulating Bitcoin as a reserve asset. Despite enduring a tumultuous journey through the volatile crypto market, the company's steadfast commitment to its Bitcoin accumulation strategy has paid off handsomely. With Bitcoin's recent surge past $47,000, MicroStrategy ( NASDAQ:MSTR ) finds itself sitting on unrealized profits amounting to billions of dollars. Let's delve deeper into this remarkable story of resilience, conviction, and staggering financial gains. Unwavering Conviction Amidst Market Turbulence: MicroStrategy's ( NASDAQ:MSTR ) journey into the world of Bitcoin began in August 2020 when it made its first substantial purchase of the cryptocurrency. Led by then-CEO Michael Saylor, the company declared its intention to continue accumulating Bitcoin regardless of market conditions. This unwavering conviction in the potential of Bitcoin as a store of value and hedge against inflation set MicroStrategy ( NASDAQ:MSTR ) apart from traditional corporate investment strategies. Navigating Through the Crypto Winter: The road hasn't been without its challenges for MicroStrategy ( NASDAQ:MSTR ). The late 2022 and early 2023 market crash sent shockwaves through the crypto space, causing significant financial losses for the company. Despite enduring consecutive quarterly losses and multi-million BTC impairment charges, MicroStrategy ( NASDAQ:MSTR ) remained resolute in its commitment to its Bitcoin accumulation strategy. This steadfast determination to weather the storm has proven to be a defining characteristic of MicroStrategy's approach to investing in cryptocurrencies. The Rise of MicroStrategy's Bitcoin Stash: Despite the challenges posed by market volatility, MicroStrategy's Bitcoin holdings continued to grow steadily. With each purchase, the company employed a dollar-cost averaging (DCA) strategy, ensuring that it capitalized on opportunities presented by fluctuations in Bitcoin's price. This disciplined approach to accumulation has seen MicroStrategy ( NASDAQ:MSTR ) amass a staggering 190,000 BTC over the past three and a half years, making it the largest corporate holder of Bitcoin. A Lucrative Investment: MicroStrategy's patience and persistence have finally borne fruit as Bitcoin's price surged above $47,000. With an average entry price of $31,464, the company's Bitcoin stash is now worth over $9 billion, representing a 50% increase in unrealized profits. Despite the temptation to realize these gains, MicroStrategy's CEO, Michael Saylor, has reiterated the firm's commitment to holding its BTC holdings for the long term, signaling confidence in Bitcoin's future potential. Stock Performance Reflects Bitcoin's Trajectory: The success of MicroStrategy's Bitcoin investment strategy is reflected in its stock performance. Despite facing criticism and skepticism from some quarters, MicroStrategy's stock price has soared by over 400% since implementing its Bitcoin-purchasing strategy. This remarkable appreciation underscores the symbiotic relationship between MicroStrategy's ( NASDAQ:MSTR ) stock performance and the trajectory of Bitcoin's price. Conclusion: MicroStrategy's bold foray into Bitcoin has proven to be a masterstroke, yielding unprecedented gains amidst the unpredictable landscape of the cryptocurrency market. Despite facing adversity and skepticism, the company's unwavering conviction, disciplined approach, and long-term vision have enabled it to emerge as a trailblazer in the realm of corporate Bitcoin investment. As Bitcoin continues to redefine the boundaries of traditional finance, MicroStrategy ( NASDAQ:MSTR ) stands as a testament to the transformative power of bold decision-making and unwavering conviction in the face of uncertainty.
NASDAQ:MSTRLong
by DEXWireNews
Navigating MicroStrategy's Future MicroStrategy Inc (NASDAQ:$ MSTR), a key player in enterprise analytics and mobility software, recently caught the attention of investors with the news of Executive Chairman and 10% Owner Michael Saylor selling 5,000 shares on January 25, 2024. This move adds to a series of sales totaling 85,000 shares over the past year, without any corresponding insider purchases. This article delves into the implications of these insider transactions, examines the company's overall performance, and analyzes technical indicators to provide investors with a comprehensive outlook. Insider Selling Patterns: Insider transactions often serve as valuable signals for investors trying to gauge the health and confidence of a company's leadership. Michael Saylor's consistent selling over the past year raises questions about the motives behind the divestitures. Investors should closely monitor such patterns, as they can sometimes provide insight into the leadership's perception of the company's future prospects. Company Overview: MicroStrategy Inc has carved a niche for itself in the enterprise analytics and mobility software sector. The company's offerings, including MicroStrategy Analytics, MicroStrategy Mobile, and Usher, enable organizations to analyze vast amounts of data, deliver actionable insights, and provide digital credential and identity intelligence solutions. Technical Analysis: MicroStrategy's stock has been on an upward trajectory within a rising trend channel in the medium to long term. This suggests sustained investor confidence, with shares consistently being bought at higher prices. The recent positive signal from the inverse head and shoulders formation, marked by a break above the resistance at 321, adds another layer of optimism. Analysts anticipate a further rise, with a target set at 691 or beyond. However, the stock is currently approaching a critical support level at $460. This level is expected to trigger a positive reaction, providing a potential buying opportunity. Investors should closely monitor whether the stock can hold above this support, as a break below could signal a negative trend reversal. Conclusion: MicroStrategy Inc's ( NASDAQ:MSTR ) recent insider selling, technical indicators, and overall market sentiment present a mixed picture for investors. While the insider selling may raise concerns, the positive technical signals and the company's strong position in the enterprise software space suggest a nuanced evaluation is necessary.
NASDAQ:MSTRLong
by DEXWireNews
Michael Saylor Sells 5,000 $MSTR Stocks For Investing Into $BTCBetween January 2 and January 10, Saylor sold 3,882 to 5,000 NASDAQ:MSTR shares in accordance with the SEC's announcement. Leading up to the recent approval by the U.S. Securities and Exchange Commission (SEC) of exchange-traded funds directly investing in Bitcoin, Michael Saylor, the co-founder of MicroStrategy Inc., participated in a series of share sales. MicroStrategy Sells NASDAQ:MSTR Just Before ETF Approval According to data compiled by Bloomberg, Saylor sold between 3,882 and 5,000 shares on specific days from January 2 to January 10, coinciding with the SEC’s announcement. The transactions are estimated to have yielded Saylor over $20 million, marking the first instance of him selling company shares in nearly 12 years. This development comes as the company already sold $216 million worth of NASDAQ:MSTR stock last week. A spokesperson for MicroStrategy has verified the recent share sales by Michael Saylor, clarifying that these transactions are part of a pre-existing plan disclosed in a filing last year. The spokesperson emphasized that these sales are unrelated to the recent approvals of Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission. The planned sales, involving up to 5,000 shares daily, are scheduled between January 2, 2024, and April 26, 2024, with the intention of selling a total of as much as 400,000 shares during this period. MicroStrategy, a leading business intelligence firm with substantial Bitcoin holdings, weathered significant losses during the previous crypto winter. The company had to undertake substantial write-offs due to the market downturn at that time. However, in a remarkable turn of events, MicroStrategy’s current Bitcoin holdings have surged in value to approximately $8.3 billion. This represents a notable paper gain of around 40%, underscoring the company’s resilience and recovery in the crypto market. NASDAQ:MSTR Stock Under Pressure MicroStrategy, a prominent player in the business intelligence sector, has witnessed a 23% decline in its stock since the beginning of the year. The drop is attributed, in part, to concerns arising from the debut of exchange-traded funds (ETFs) that could potentially diminish the appeal of the company’s shares as investments. MicroStrategy, headquartered in Tysons Corner, Va., has long been regarded as a proxy for Bitcoin, given its substantial holdings of the cryptocurrency on its balance sheet for several years. Prior to the recent approval of a dozen spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), MicroStrategy was a primary avenue for investors seeking indirect exposure to Bitcoin. The emergence of alternative options through ETFs has introduced new dynamics to the market. However, MicroStrategy chief Michael Saylor stated that the spot Bitcoin ETF launch won’t negatively impact the MicroStrategy stock price.
NASDAQ:MSTR
by DEXWireNews
Bearish Crab Visible on the Crypto/Blockchain ETFBLOK is an ETF aimed at holding many Crypto and Blockchain related stocks, some of its top holdings include COIN, MSTR, MARA, RIOT, and SBI Holdings. There was a time in late 2021 where it had topped out at the PCZ of a Bearish Gartley/Bat confluence zone depending on how you plotted it and it has since gone down over 66%, however in recent months, we've seen the price of the stock begin to recover as it has made a 38.2% Fibonacci retracement from the all-time high to the most recent lows. The original level it bounced from was the 0.886 of a Bullish Shark, however we may now see this shark turn into a Bearish 5-0 as the 0.382 aligns with the PCZ of a more local Bearish Butterfly and this could result in BLOK making a lower low and would overall be a more profitable and slightly indirect way to get bearish options positioning on Coinbase and Microstrategy without buying into the overpriced puts of the underlying assets. I will leave an link to the previous 2021 bearish setup on BLOK which resulted in the top for reference as well as a link to the bullish setup that has just played its course on COIN in the related ideas section below.
AMEX:BLOKShort
by RizeSenpai
💾 MicroStrategy Set To Grow Like There's No TomorrowI love the "Community trends" on the front page... TradingView is great. With this new feature I can see stocks/assets that I would never think of looking at otherwise. Here we have MicroStrategy, MSTR. I know about Mr. Michael Saylor as he is a huge Bitcoin fan like most of us. He also wrote the foreword for the best selling Bitcoin book ever and it was nice to see his opinion about this game we now have been playing for so long. MicroStrategy is set to grow like there is no tomorrow... At least that's the message that I am getting from this chart. I am using the weekly timeframe because long-term gives you a better perspective, short-term there is always too much "noise". The first thing to look at is the broader cycle and that's the All-Time High, February 2021, almost two years have gone by since this level was hit. The first thing that caught my attention is the current consolidation pattern and how the bulls are already showing up and strong. This weekly candle is already trading above EMA21 and EMA10... There is a strong bullish divergence on the RSI since May 2022. Also, the low in December 2022 came in higher than May, a higher low... These signals put together make a strong case for bullish growth. I write these signals for you... But what catches my attention from the go is this sort of "M" pattern, bullish bat, gartley, etc. too many names it has... This pattern is like a falling wedge in the sense that it has a very high level of accuracy. It is a bullish pattern of course and once it shows up... The chart tends to shoot up. You can find the resistance levels marked on the chart (light green) and blue for support. Namaste.

NASDAQ:MSTRLong
by AlanSantana
💾 MicroStrategy Has More To Give!In the past, now many years ago, we would have the "wait for the confirmation" crowd which turned into "wait for the earnings"...

 MicroStrategy (MSTR) is trading below EMA50 weekly. Is this a bearish or bullish signal? Should we "wait for confirmation"? Meaning, wait for it to break and close above EMA50 before taking action! In a way yes, this can be done and there are many different ways to approach a trade, a market... Different trading systems and strategies, so it isn't a bad thing but, with a wider perspective, with so many tools, with so many charts, confirmation can be gotten for other places. The markets evolve and we have to also evolve and adapt. Each year, each cycle it becomes harder and harder, the bots become smarter and the risk increases... Anyway, knowing what we know and seeing the other charts/pairs/stocks already going ahead... The market is interrelated/linked/connected, so we know this chart will do the same. The confirmation already happened with the strong RSI and the close above EMA10. We can always wait for the next confirmation... Or we can buy at the bottom (see 'Related ideas') and ride up the full bullish wave. Check the "first (main target - high probability)" on the chart. Instead of waiting for confirmation, you can use a tight stop-loss. Namaste.
NASDAQ:MSTRLong
by AlanSantana
1