Early in my trading journey I put too much weight on other traders history, results years etc. Comparing and down playing my own methods (When they would always play out). Thinking I didn't have enough history, background, results capital etc. The truth is.
$MSTR
LONG Preferred entry: $114–116, but only following an opening consolidation and successful hold/reclaim of the $114 area.
I do not want to buy the first vertical candle.
Stop: approximately $111
Technical invalidation: loses the post-gap base and can't reclaim $112.
#Crypto Catalysts
Treasury liquidity action
The U.S. Treasury announced that it would at least double liquidity-support buyback operations in longer-dated 10–30 year Treasuries. #Crypto immediately reacted as markets interpreted the measure as supportive of liquidity/risk assets.
Confirmation required
$BTC #Bitcoin must remain strong, $MSTR should hold VWAP, and $COIN/ $MARA should confirm rather than immediately reverse.
BEST LONG — but Buy on breakout/hold, not blindly at 9:30.
$MSTR
LONG Preferred entry: $114–116, but only following an opening consolidation and successful hold/reclaim of the $114 area.
I do not want to buy the first vertical candle.
Stop: approximately $111
Technical invalidation: loses the post-gap base and can't reclaim $112.
$MSTR also had an enormous session Wednesday:
Wednesday OHLC
Open: $94.48
High: $106.90
Low: $94.30
Close: $103.39
Volume: 35.5M
At +10%-ish premarket, it is trading roughly in the mid-$110s.
$MSTR
Potential Buy on breakout
This is currently the strongest momentum/catalyst combination.
$BTC #Bitcoin is above roughly $71k more than 3%, while Trump called for passage of crypto-market-structure legislation. MSTR was approximately +10.5% premarket, COIN +7.5%.