Microstrategy - Might Break Lower Chart Pattern - Lower Crypto?

Dec 26, 2024

Micro-strategy is currently hovering around the lower breakout point of the current Pennant or Triangle chart pattern. If this is not a fake out, it could signal lower prices to come for crypto's across the board.

If it holds, I expect it to move to the upper area of the pennant or triangle and if it breaks, we will see newer ATH for BTC and other Alt Coins.

BTC and the other major Alt Coins are all holding just above chart patterns that signal lower prices to come, so I expect lower prices, but with this lower volume during the holidays, manipulation is very possible from smart money and the market makers.

Trade carefully.

Dec 26, 2024

Note

MSTR has closed on the hourly below the breakout point but not definitively. I'd like to see another hourly bar close outside the break below point.

However, BTC just saw massive sell volume on the 15 min / 5 min chart which could send it below its current resistance point of $95400.