$MSTR - RC -
Added 2024-03-19 14:25:12 +0000 UTCThe most bizarre chart of the year certainly goes to $MSTR.
Extended beyond anything on the market before its aggressive pull back now.
$MSTR is effectively the $BTC chart, its entire concept as a company relies on the value of $BTC. So as $BTC kept aggressively rising, so did $MSTR and fundamentally, this was making $MSTR a very good looking stock.....but its technicals were abysmal.
So the pull back has come because nobody with any sort of brain could look at this chart and think lately, this was a good time to buy.
Profit taking was just around the corner.
I have added in the amber Fib levels to show where a pull back can come to, remember, we want to see 3 waves down, when Wave A is complete, I can add the wave counts.
Comments
Hi Gary, I think you’re saying you’ve seen 5 waves up and now in a larger wave 2 pullback ABC?
Byron Tanigawa
2024-03-19 21:19:11 +0000 UTCWaiting to know what would be the entry point. If btc at 44k will have an entry point and will rally upto 100k usd. Then this one definately ending the year at 3k usd. I just need to know whats the good entry point.
NalaikPanda
2024-03-19 14:27:38 +0000 UTCThankuuuuu
NalaikPanda
2024-03-19 14:26:24 +0000 UTC
