MSTR
📉 MicroStrategy, now MSTR, is trading within an upward channel but has reached the lower end.
💡 The analyst sees this dip as a potential buying opportunity, betting on a Bitcoin rebound.
⚠️ This is a high-risk strategy, contingent on Bitcoin’s recovery and the channel holding.
📊 Technical indicators like RSI and MACD suggest oversold conditions, supporting a possible bounce.
@ClaveBursatilTV:
“The first is Strategy, which used to be called MicroStrategy, but well, it changed its name, and why? Well, because we see it within an upward channel, of an upward structure, where we have a channel marked by several supports, and we have above, obviously, the maximums that validate the structure, it is an upward channel, and where is MicroStrategy now? This week, where did it arrive with this beating? Well, it reached the floor of that channel, then with elevated risk, because we are playing with the hypothesis that here it rebounds, obviously, and also, and this has to do with what we are seeing that Bitcoin may rebound in this area as well, which is what feeds all this, well, we entered there.”
Watch the exact part of the video where Andy talks about MicroStrategy here:
Watch the video on YouTube.
Read more articles by the world’s top 100 analysts on MicroStrategy (MSTR) at the following link. MSTR stock.
