MSTR keeps digging its own grave.

13 Jan

Well, since my last post about MSTR, the trolls have been having a field day.
What a blast! §8-)

I stand by my previous post about MSTR because, honestly, I see no future in this SCAM.
Especially now that Bitcoin is teetering on the edge of a deep pullback (see my last post about Bitcoin for more).

So, what do we have here?
MSTR broke through the centerline and tried to claw its way back up.
Then came the decisive breakdown.

An open and close below the centerline paved the way for a trip south.
Thanks to more hype and yadda-yadda reports, we saw a pullback up to the centerline — which, by the way, was perfectly in line with the trading framework of forks.

But after that failed pullback, the price went the other way, and MSTR has been digging its way further south.

For those who took profits at the 1/4 line, you can now look forward to PTG2 with confidence.
Or, if you’re convinced that MSTR is headed for a reckoning with regulators in the medium term (although that seems doubtful since they all seem to be napping...), you might consider doubling down on your short position.

Wishing everyone a profitable and exciting new trading week!

3 hari yang lalu

Catatan

Back near the entry level.
A and open above the CL would give a exit signal.

3 hari yang lalu

Catatan

After hitting Profit Target 1 (PTG1), it’s time to make a decision about the remaining position.

The fact is, MSTR tested the 1/4 level for the second time and found solid support there. Now we’ve moved higher, back to the centerline.

For me, it’s clear: if we get an Open and Close — a full bar — above the CL, I’ll close the rest of my short position.

I still think MSTR is heavily manipulated. Besides the fact that this Bitcoin catalyst isn’t following BTC’s moves the way it should, it’s cheating investors out of profits.

That said — if there’s weakness, I’ll continue building the position. If there’s strength, I’ll close it.