CRYPTO

The market shock is incoming? The analyst says strategic stocks can collapse and then rise

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According to market monitoring, Sidi Charstist, strategy shares (MSTR) may go to a Decrease Before wearing. He believes the stocks can slip to $ 350. After that, as soon as the sale dries, the fresh batch may move the price to $ 700. It is a step of two steps believed to be playing soon.

The collapse of initial preparation signals

Sidi Chartest points out to this Mstr It fell to less than its SIA moving average for 9 days and its simple moving average for 20 days. These lines are now converging in a style of tendencies. When this happens, the momentum often fades in the short term. It indicates that the April trend – where the green candles continued to lift the shares to the top – give way to the heaviest sale.

It can distinguish the directions of the bottom size

He monitors a decrease in panic, about $ 350. The nails of the size in the red days mean the sellers in control. But the sharp fall is followed by a decrease in the volume of sale and the largest green tapes can indicate the end of the decline. Depending on the reports, the climb will turn as soon as the sale volume is clearly purchased.

Source: NASDAQ

Raise the shares and buy bitcoin

Strategy (Previously Microstrategy) plans to raise $ 2.1 billion by selling shares. This money will go directly to more bitcoin. On the one hand, more BTC can raise the share price later. On the other hand, fresh arrows that hit the market may affect the MSTR while the deal. Sir Chartist says this mitigation effect is part of the reason for the initial chip.

BTC is now trading at 107,628 dollars. table: Tradingvief

Previous patterns in the assembly

It mentions investors from the penetration from a previous side channel. This step delivered slightly more than 100 % with any barely declining. Based on this style, it argues that the repeated gathering is likely to be the inventory of its next level. His point of view: History does not repeat exactly, but it is often rhymes.

Warning views add weight

The encryption analyst, Ali Martinez, also distributed it. He saw a TD serial sale signal on the weekly MSTR chart, which often explained to a suspended decrease. Bitcoin’s last purchase of the strategy – 7,390 BTC for about $ 765 million – they developed the stock over $ 400 earlier this week. However, even the large purchase process was not enough to stop the homosexual signals on the plans.

In short, Sir Chartist calls for a rapid shaking of about $ 350 before a larger gathering. It tends to moving averages, volume transformations, pulling the past and pulling bitcoin.

Distinctive image from LiveWire Markets, the tradingView graph

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