Is Micro strategy about to collapse 70% in 2024??

6 Ağu 2024

There is a number of reasons for this outlook.

1) Price action and RSI support breakouts. (price action breakout observable on regular chart, this is a logarithmic).

2) Strong negative divergence between price action and the oscillators. The strongest recorded since 2018 when it was bullish. Same oscillators.

3) The long ideas on this platform and elsewhere is incredible. Everyone is bullish on Saylor shill. Like Pied Piper leading his flock out to sea, they gladly follow.

4) Why 70% ?? Very simple, it is a first confirmed level of support. There is nothing between here and there without confirmed support.

Is it possible price action continues upwards? Sure.
Is it probable? No.

Ww

7 Ağu 2024

İşlem aktif

Price action must print above 1500 before Monday to void this trade. At the moment:

** Broken Market structure!! **

28 Ara 2024

İşlem kapandı: durdurma seviyesi

This idea was voided per the August update requiring price action to print about 1500 before the share split:

"MicroStrategy (MSTR) has 2 splits in our MSTR split history database. The first split for MSTR took place on January 27, 2000. This was a 2 for 1 split, meaning for each share of MSTR owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. MSTR's second split took place on August 08, 2024. This was a 10 for 1 split, meaning for each share of MSTR owned pre-split, the shareholder now owned 10 shares."

A new idea can bow be published.