THE TICKER FORMERLY KNOWN AS MICROSTRATEGY HAS ONE OF ITS WORST WEEKLY CLOSES IN RECORDED HISTORY.
The volume and velocity of the selloff is something to be studied for years to come.
Note
MSTR corrected ~90% last cycle. A similar correction this cycle would put price ~$55.
We have still yet to see the 200/50W MA Death Cross which should occur in the next couple months, fueled by another strong leg down.
HOPIUM:
Chart printed the first B13 on TD Sequential since 2018. This signals the bottom in price is near, but not necessarily timing-wise.
RSI is close to cycle lows.
Next POI is $70-75, but if that does not hold, $55-60 should mark the floor.
I personally have bids in here.
🔖 Bookmark this to check back and see how I did.
The volume and velocity of the selloff is something to be studied for years to come.
Note
MSTR corrected ~90% last cycle. A similar correction this cycle would put price ~$55.We have still yet to see the 200/50W MA Death Cross which should occur in the next couple months, fueled by another strong leg down.
HOPIUM:
Chart printed the first B13 on TD Sequential since 2018. This signals the bottom in price is near, but not necessarily timing-wise.
RSI is close to cycle lows.
Next POI is $70-75, but if that does not hold, $55-60 should mark the floor.
I personally have bids in here.
🔖 Bookmark this to check back and see how I did.
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