Transcription
what's up Traders this is V trades and
today I will be doing a technical
announce breakdown for micro strategy
Incorporated with the ticker symbol MST
I will first be going over what I see on
the daily chart and finish the video off
with the weekly chart this video is for
entertainment purposes only please trade
at your own risk so this is the last day
of the week uh before I can do micro
strategy update and I'll give you guys
an update uh next week probably Monday
uh so let's go ahead and close out the
week and see how micro strategy
performed well looks like since Monday
it just started trending down and today
was just a nice little bounce uh but is
this the end of the drop down or we're
going to still see lower prices well
let's go over the chart it still looks
like price is attempting to reach that
Gap fail attempt at 270 so this is one
leg down right here and this was the
second leg down right about there and
the target for the Bears have been that
277 level or this Gap faill attempt uh
right over here this empty spot between
the two candles uh so the Bears are
still trying to get there you see that
price is still technically bearish it's
still in this below this trend line
right here and it's still below this
trend line right about there so it's
still below these bearish trend lines
with the Target still in play with The
Gap still empty and also price kind of
still below this breakout zone so that's
why price is probably pulling back uh
it's probably pulling back to retest
this breakout level before it continues
down lower so today uh I think it's just
a
uh a pause in this downtrend I think
we're going to still see price continue
to Trend down lower I don't think this
is the bottom I mean it can be no one
knows the future not even like a
multi-billionaire uh they don't know the
future uh we don't know for sure if it's
going to reach that Target of 270 or not
or if it'll even stop there but as right
now that is the target as of right now
and it's still in play why because like
I said before price is still below the
trend lines this shallower one and then
the steeper one the short-term trend
line price is still below the uh
breakout level and we have that measure
move Target in play which are pretty
good reliable targets uh so it's still
bearish even though we see a nice big um
move up today um but again what would
make me change my mind is we start
getting back above these levels if we
get back above the uh 360 level and we
stay above it uh and then we break this
trend line right here I think that's a
very bullish sign because that would
tell me that the Bears failed to reach
their target which means they're not as
strong as they seem and that means we
can see a strong rally to the upside
stopping out the shorts uh who have the
stop losses above these swing highs uh
so I know this there probably going to
be a b big short squeeze once we do see
that reversal take place so overall it's
still bearish meaning we can still see
further downside something like that um
in the meantime but again it's not
guaranteed so this is where people say
oh technical analysis doesn't work well
who who knows the future for sure like
is this supposed to reach the target
100% of the time no it's not so you have
to anticipate things to fail uh or um
succeed so for example if you were to
take a long then you would anticipate
the pullback or the downtrend uh coming
to an end uh so let's say you know the
price is trending up and you want to go
long well you would wait for the
pullback to show signs of weakness where
it would terminate so the trend would
resume higher so you're not trying to go
short I mean it you can have different
strategies but you know most people they
want to buy the trend so let's say you
are a trend Trader uh you would buy the
pullback so you would anticipate this
pullback failing either it reaches its
Target or not and then you would buy and
you would ride up the trend so for
example right here um the
anticipation is it doesn't reach the
Target right you would anticipate it
doesn't reach the target which would be
very bullish because then you could come
in and stop out the shorts
and then ride it up higher uh if it
reaches the target it's not you know the
end of the deal we end of the world we
could still rally higher but it's
actually it's better if the Bears don't
reach their target uh it just shows more
strength to the upside so it would be
bullish if we see a strong pushup maybe
we do see the strong pushup maybe this
is not a breakout pullback resumption of
the downtrend maybe it's a breakout fail
breakout resumption of the uptrend and
when we see an Impulse higher low and
that would probably be the confirmation
for higher prices so if we see um we can
either continue rallying up like that
that would be one bullish case or we do
breakout I would like to see a retest
that would be very bullish as well and
then a resumption something like that
would be very good as well uh but
overall since is still below this level
right here right around that uh mid 360
level it's still looking like price
wants to Trend down lower uh so that's
all I have on the daily chart basically
uh price is still bearish but I want to
go over the bullish case if that does
occur because we don't know what's going
to happen for sure um but overall I
still think uh price is looking bearish
and it does want to continue Trend down
lower until we see
invalidation uh in the price levels this
is still bearish so this is still a
complex pullback sometimes you'll just
see one simple leg down like that and
then the trend will resume like that or
sometimes you'll see multiple legs and
then the trend can resume so these were
all simple pullbacks in this uptrend
right over here you see that price made
made one single drop and then it resumed
Higher One single drop resumed higher uh
so these are all simple
pullbacks uh maybe in a smaller time
frame it looks like complex but
regardless um just on this time frame
these are simple pullbacks and now we we
are experiencing complex pullback which
is multiple legs so overall this is
still a uh pullback I don't think this
looks like the top top of the trend it
doesn't show signs of a top of a trend
uh you would you would see couple signs
first would be an exhaustion meaning
like a blowoff top blowoff top type of
trend uh you could say a bubble
something like that it just goes up
exponentially and then it just crashes
back down that would be one way and a
trend can end another way is price is
barely making new highs it's it's
struggling to push up and then it can
just fall down uh but we're not seeing
that we're seeing you know new highs
being made we're seeing a um not even
large drops so again another thing that
could change a trend direction is a
strong counter Trend momentum that would
be like something like this but we
haven't seen some sharp move yet uh this
is just taken its time it's just a
regular correction and um I still think
we see higher prices so again the
long-term trend is still looking pretty
good uh for higher prices this is just a
pullback I'm expecting the pullback to
come to an end very soon either whenever
it does like right now or at lower
prices like the 270 do I expect lower
prices um maybe sub 200s uh we'll have
to wait and see if price cannot go up
and it's still below this bearish trend
line then again we have to play the
trend lines we have to play the momentum
um so as right now the momentum is still
towards the downside unless invalidated
and as right now it's not invalidated it
could be I mean this is a a sign to
today that it could be but we don't know
for sure until we see a break above
these levels price holding it and then a
resumption because all price can do is
push up today like it's doing right now
and then Monday comes around and then it
just drops down something like that it's
it's like a breakout retest for
resistance and then a resumption of the
downtrend so we'll have to wait and see
let's take a look at the weekly
chart and again the EMA is catching up
so that's a good sign uh since this
entire bull market uh let me go and put
a vertical line where the bull market
started right over here basically in
late December of
2022 January 2023 was that bull market
and you can see that every time price
pulled back it came right to that 21 bar
EMA so it pulled back over here came to
the EMA over here over here over here
over here over here this one went
slightly below uh immediately reversed
up higher so every pullback basically
came near near the EMA and we're coming
nor near that EMA which is currently
trading at that uh lower price level of
about 270 is it guaranteed to get there
no it's not we don't have to do it all
the time but it does add Confluence to
that Target for price to drop down lower
still uh but overall still looking very
strong I mean it's consolidating at the
highs of the trend still looking very
good still staying um outside of this
prior all-time high level so again this
level does come into play um once again
back here in 2000 how can a Level like
that come back into play well because if
this was a high back in the past it can
be a high in the future so that's why it
does matter to look at this price level
uh because it was a historic top and uh
it's going to be a level where Traders
focus on uh because it could be a top
now but it's not looking like a top now
because we're still seeing strength to
the upside so it's still looking pretty
good overall again like I said before
macro trend is up I we can just take a
look at the monthly chart see if we can
find anything else on there um not
really monthly chart still looks very
strong we could probably draw a some
sort of Channel um see that looks pretty
good still in an uptrend Channel we hit
the highs of the uh the channel that's
where we're finding some sort of
resistance you see that we hit the high
here sold off well this was the new High
um and we sold off a little bit so again
it's just in a correction right now uh
but overall still looking pretty good
look looking for higher price targets
for micro strategy like I said before
let's go back to the weekly the $1,500
Target and then possibly the $44,000
target I know those sound insane uh and
sometimes it is but a lot of times uh
the price action is what you have to
follow so that's one large leg right
there this the second leg up and that's
targeting right around that $4,000 level
so there might be a stock split in there
so I I would just calculate it based on
on the market cap um so overall still
looking pretty good for higher prices um
this just looks normal to me unless we
see a strong push through this EMA on
the weekly chart that would be a strong
counter Trend momentum and that would
show a change in Market Direction so
right now this looks pretty good you see
that price is mostly bouncing off that
EMA barely going below it so we're we're
still above it we can barely go below it
and resume higher you don't want to see
something like this where we see boom
like a huge drop right to that EMA a
strong counter Trend momentum this would
not be a good sign it wouldn't be over
because we could still reverse higher
quickly like a V bottom but this would
not be a good sign and as right now have
we seen that no so I'm going with the
big money the smart money which is still
higher so overall just to simplify is
just a complex pullback in a macro
uptrend which I'm expecting higher
prices for and this correction should be
coming to an end very shortly so I have
for micr strategy this week and most
likely I'll give you guys an update next
week Monday this is V trades and thank
you for your time