MSTR Explosion Incoming

21 ก.ค.

I've been talking about my change to being bullish on BTC a lot lately and I've been looking at some ways to get long exposure. MSTR owns a lot of Bitcoin and plan to keep buying it. The company will continue to increase in value as BTC rises based on that alone, not to mention all the other revenue channels.

I don't know if I'd call this a cup handle, but it does have a lot of the characteristics. Large rounding bottom followed by a downtrend/bull flag after. It's currently near ATH and I expect it to break above soon. The problem is that it's already fairly overextended, however if it does break ATH it will most likely lead to another explosive leg up. It's a risky proposition at the moment, it could end up with a double top at ATH, but trade comes without risk.

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Almost forgot about this idea. Funny how it dumped almost instantly after I posted this, but it played out in the end. These are the end times.