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MSTX can quadruple your gains.... or losses

已更新

19小时前

前天

Micro-strategy has been on an absolute tear in the last few weeks, rallying several hundreds of percent.

Luckily for those with a large risk appetite , we have an ETF available to us which provides 2x the volatility of MSTR.

This can be a very dangerous play if you do not understand how to manage your risk, so I would advise extreme caution here.

With that being said, it seems like we may be seeing an MSTR pullback here into what may be a potential double bottom zone. If I continue to look for higher price on the stock, as well as Bitcoin, I would like mstx to hold up at the critical zone marked on the chart for continuation of this uptrend. Otherwise, losing this level would be quite bearish for me.

I have a few major indicators which I would like to reference.

1. Previous range value areas, notably the value area high respected before we saw the massive pump and dump.

2. Gap up zone and previous value area low should hold up if we expect continuation to the upside.

3. Trend based fib extension providing me with a potential zone for the corrective move and where it may end in confluence with the POC and VAL.

Lets see how this one plays out.

19小时前

交易开始

Large volume node just above $106 held up and same with the indexes, I took the long trade at $115

18小时前

注释

Also, part of the reason for my bullish bias is simply the Elliot wave corrective count of the ABC pullback of 31%.

Generally, if you see a corrective structure, this simply means the stock will rotate back to the high afterwards if we hold these lows.

If we break the low, and can count an impulse structure to the downside (12345) this would indicate more of a directional trend change to me. At the moment, the ABC pattern is respecting the trend based fib extension targets as well so I have more reason to believe a rally is more probable, UNLESS we lose the previous low of $106. I would then see us dropping to the previous range POC around $90.