So this is crude due to the charting on my phone. But here’s some “back of the envelope” TA. There have been two large C&H patterns formed/forming over the past 3 years. The first one just hit its mark. See pics below. (FIRST CUP MOVE) ~$750 top of the cup and ~$150 bottom of cup=~$600 spread. ~$600 plus the top of cup ~$750=~$1350. This is going back to 2022. (I didn’t factor in the normal ~10-15% pullback for the handle) (SECOND CUP MOVE) After an upcoming pullback of ~10-15% (which might not happen if BTC keeps running parabolic to 100k 😜~$1350 top of the cup and ~$150 bottom of the cup=~$1200 spread. ~$1200 plus the top of the cup ~$1350=~$2550. This is going back to 2021.
I fully expect $MicroStrategy(MSTR)$ to continue it’s run throughout the year as bitty marches higher and higher. IMO we will be seeing the occasional “God Candle” as the year progresses and bitty closes in on 100k.
Enjoy the ride all!
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