MSTR - Back to a new short level

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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 for profits.

That said — if there’s weakness, I’ll continue building the position. If I had no position, this is the place where I would open it on a Short trigger.

If there’s strength, I’ll close it.

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Giao dịch đang hoạt động

I smell weakness...

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Ghi chú

Once more we see weakness where a Long oriented Trader should see strong signs.
Why? Watch BitCoin - What's it doing? And what is MSTR doing?

This is not Rocket science guys & gals.
Everyone can compare the two.

So, why is this?
...just use your brain and remember my first post about MSTR.
This is not me angry about MSTR, or "I don't like" it. Why would I? It's just a Stock.
But it's a Stock that scams people.

That's why I invest time to let you see behind the curtain, projected by my analysis and information I find.
Always first: Protect your money!

Let's have a closer look on the daily timeframe.
Rejected from the white Centerline, we see further weakness.
A potential support comes in at the red Centerline. This is a level where the red CL intersects with the white 1/4.


Below you see BTCUSD in the same timeframe.


Nothing more to say here.

On to the next week...