The previous post about $CRCL got quite a bit of traction, so today I’m keeping the momentum going with an update on another crypto-related US stock I’m bullish on—$MSTR
On the weekly chart, MSTR is weaker than Bitcoin and CRCL. It hasn’t even formed a large-scale MSB bullish structure. Still, there’s no denying that I remain very optimistic about this stock’s prospects, with at least 3–4x upside potential, if not more.
Looking at the chart on the weekly timeframe: if the price pulls back but holds above 101–104, successfully forms a bottom, and then rises, it will most likely be a PO3 structure. The eight weeks of decline and choppy trading from late June to mid-August would have been a false breakdown—shaking out panic sellers and letting big players accumulate shares from those selling in fear. Then a single bullish candle breaks out without a retest, leaving no chance to get in. Next, if it pulls back along with Bitcoin but doesn’t fall below the range, it could consolidate above 101–104 to test whether there’s still selling pressure. Once Bitcoin begins its second major upward leg, it’ll be time for MSTR to put on a show. The first target above is 457; the second is the previous high. If it breaks above that high, then it all depends on just how wild this bull market gets.
If it breaks below 101, it could fall further and test lower levels again. That’s less likely, but still possible.
Of course, all of this depends on the crypto bear market ending and a bull market truly arriving.
On the weekly chart, MSTR is weaker than Bitcoin and CRCL. It hasn’t even formed a large-scale MSB bullish structure. Still, there’s no denying that I remain very optimistic about this stock’s prospects, with at least 3–4x upside potential, if not more.
Looking at the chart on the weekly timeframe: if the price pulls back but holds above 101–104, successfully forms a bottom, and then rises, it will most likely be a PO3 structure. The eight weeks of decline and choppy trading from late June to mid-August would have been a false breakdown—shaking out panic sellers and letting big players accumulate shares from those selling in fear. Then a single bullish candle breaks out without a retest, leaving no chance to get in. Next, if it pulls back along with Bitcoin but doesn’t fall below the range, it could consolidate above 101–104 to test whether there’s still selling pressure. Once Bitcoin begins its second major upward leg, it’ll be time for MSTR to put on a show. The first target above is 457; the second is the previous high. If it breaks above that high, then it all depends on just how wild this bull market gets.
If it breaks below 101, it could fall further and test lower levels again. That’s less likely, but still possible.
Of course, all of this depends on the crypto bear market ending and a bull market truly arriving.