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Fundstrat: Tesla & Bitcoin at Critical Levels

Fundstrat2:05

Transcription

going to be between now and January. MSTR, uh, I'll talk about that a little bit. We have what looks to be a completed pattern from May, which had, uh, you know, initially, uh, ABC. We have a five-wave decline into September the 25th. Now we had a great move off the lows and now we've pulled back. You know, I tend not to love buying dips and things that are well off all-time highs.

In this case, I think structurally this has changed. I think it has gotten better as a result of the rally from late September. So I don't mind owning it here at, uh, 313, thinking, uh, 292 is a really important area. It can't be broken. If that does, then we are going to see, uh, you know, a pullback to probably 231. I, I don't think that happens right away. So I think this is going to start to turn up and we honestly, you know, should expect that initially, you know, you you push up to 328, 331. Above that should be 350. Above that, we can actually break, uh, 365, which would be a really nice move. When that happens, uh, I'm watching it carefully. Uh, no position. You know, it goes against a lot of my normal, uh, you know, reasoning as to why I find things attractive technically. But I, I can make a case that I think it's probably bottoming out here.

And I think the same about the majority of cryptos that I think were has sort of a flash across the, uh, you know, bow and I think now starting to show evidence of, uh, stabilizing and starting to turn higher. I think that, you know, some of the dats will have a similar, uh, trajectory if what I'm thinking is right. Uh, PLTR. This, this remains actually still actionable and still