Very interesting chart, we can see that this trend has stayed relatively within the channel but most importantly, was rejected at very important Fib levels at 0.65 Fib around $510 and then again at the .78 Fib at $350....this helps us determine where supports can appear. However, we know that $MSTR's entire strategy relies on the strength of Bitcoin and we have Bitcoin going to $11,000 or lower, this correlates with what we are seeing here for $MSTR.
Gareth Neary
2023-01-18 18:29:48 +0000 UTCTaty
2023-01-18 15:25:25 +0000 UTC