$MSTR

MicroStrategy's business model is the worst ever, with its STRC instrument debt-like and paying a permanent 10% annual dividend. A downtrend from May 11 meets an October 6 gap where holders may sell, and he expects to sell MSTR shares at 164.

Bearish
“Bitcoin Pumps: to Resistance: This Exact Level Decides Everything”
Verified InvestingPublished Oct 21 · 4 passages

Jump to any passage

4 passages

you asked me to take a look at two cryptocurrency stocks, namely MicroStrategy, now known as Strategy. I'll tell you what Micro is, those stocks with the symbol STRC, you know, it was a bad idea.

I expected that back then , and there's a reason to buy it back .

If you don't know what the STRC token is, MicroStrategy has a financial instrument that distributes dividends. They sell them for approximately $100 , and give you a permanent annual interest rate of 10%.

It's forever. Therefore, they are more like debt securities. It's the worst business model ever.

But we have a downward trend line here. This is from May 11th. This coincides with filling the gap on October 6th. What is the gap? It's where the candle is closed. Remember that green candles start from the bottom and close from the top.

That's what makes it green. Red candles start at the top and close at the bottom. That's what makes it red. This means that the price did not reach this level when it closed again .

Some will look to sell some shares at this range, at this specific level.

Therefore, I expect to sell MicroStrategy shares at a price of 164.

What this channel has said about $MSTR

Verified Investing has 6 calls on this stock; only the adjacent ones are shown.

TickerSays