$MicroStrategy(MSTR)$ The earlier redemption of convertible bond news released right before the market open which I believe triggered the sell off. According to his style (Saylor), he will continuously buying in bitcoin on weekend everytime he posted saylortracker posting. We shall see a volatile trend next week again for Bitcoin also FOMC meeting scheduled on Jan 30th 3a.m. Have a lovely weekend Tigers.
$MicroStrategy(MSTR)$ Yesterday was a rollercoaster ride for MSTR investor, I believe profit taking has been done around 10pm yesterday (for BTC) and most investor joined back in afterwards. I am still bullish on Bitcoin and MSTR for the coming week until BTC another 110K retest. We shall see another volatility movement as MSTR earnings very soon.
$MicroStrategy(MSTR)$ Did a vertical spread today as I realized MSTR recently often giving a V shape for the pass few days. As well as today. We shall see it go over 395 today if Bitcoin retest 106k later.
$MicroStrategy(MSTR)$ Closed my call options as I believe the Trump effect should have price in today. Long term bullish as Trump supporting BTC. Market closed on Monday, BTC might test another ATH on Saturday and Sunday.
$MicroStrategy(MSTR)$ Friday is the release day for the NFP report. I will suggest Tigers to monitor US dollar trend and NFP report in order to predict the BTC movement. Because the Non-Farm Payrolls (NFP) data is an important economic indicator, it directly influences market expectations about the health of the U.S. economy, thereby affecting the value of the dollar and interest rate expectations. Since gold/BTC is typically considered a safe-haven asset, its price is very sensitive to changes in the dollar's trajectory and interest rates. Market closed on 1/9 , Tigers should have a good rest and good night.
$MicroStrategy(MSTR)$ Given Bitcoin's recent volatility, scalping could be viable if you can capitalize on small price movements. This strategy involves making numerous trades throughout the day to profit from minor price changes. However, this requires quick decision-making and constant market monitoring. If you anticipate Bitcoin's price to swing back towards a previous high or low, this strategy might work. Look for key support or resistance levels, if Bitcoin tests the 92k level again, buying near this support could be strategic if you believe in an upward continuation, as well as $MicroStrategy(MSTR)$ . My own TA : Btc Current support 97k500 Btc Next support 92k
$MicroStrategy(MSTR)$ BTC resistant 103k, Supporting level at 95k700 we shall see the new high after btc hits 106k, still bullish according to my own TA. National day of mourning on 1/9(Closing on that day) Trump entering office on 1/20
Would ATM happen on coming monday?Personally I like to trade $MicroStrategy(MSTR)$ daily instead of doing long as I assume that it is a high volatility stock. The company has been actively issuing shares through ATM offerings to fund Bitcoin purchases, which has led to share dilution but also capital accumulation for Bitcoin investments. This strategy has been a point of contention among investors, with some viewing it as a bold move and others as risky. Will do it again on monday depends on the market sentiment. Happy new year Tigers.[Claw]