MicroStrategy Bitcoin PurchasesMicroStrategy Bitcoin Purchases on the CRYPTOCAP:BTC chart.
This chart includes the dates, amount, and average price, of Bitcoin purchases announced by Michael Saylor on Twitter and includes data from buybitcoinworldwide.com for purchases not announced by Michael Saylor.
Microstrategy
MSTR BULL RALLY AHEADFor more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
MSTR is a Discount Bitcoin Spot ETFYear to date Bitcoin has out performed the NASDAQ and GOLD but if you don't have access or knowhow to buy Bitcoin direct you can look into MSTR.
There is more risk to own MSTR since it's centrally controlled but if you want to have some Bitcoin exposure during these crazy time you might be able to play this strategy
Not Financial advise.
Be safe out there
~S
MSTR D1 UPDATE ( TECHNICAL )For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
December 29 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 1.01% over the last 24 hours and fell to an intraday low of $16,458.52. The largest cryptocurrency has been trading between $16,500 and its 20-day exponential moving average (EMA) of $16,852 for the past few days, suggesting traders are not clear about the next directional move. The 20-day EMA is sloping down gradually and the relative strength index (RSI) is near 43, indicating a slight advantage to bears. The BTC/USDT is likely to stay in the $16,000-$17,000 price zone for the next few days.
Today’s Cryptocurrency Headline
MicroStrategy to Launch Bitcoin Lightning Network Apps and Solutions in 2023
MicroStrategy executive chairman Michael Saylor said on Twitter Spaces that the company will launch software applications and solutions powered by the Bitcoin Lightning Network in 2023. Saylor mentioned that as part of his transition from CEO to executive chairman, the company’s Bitcoin division has been able to focus more deeply on how Bitcoin can not only be bought and held, but also contribute to the ecosystem. As MicroStrategy seeks to expand beyond conventional software applications into Bitcoin, it can leverage its existing knowledge to provide enterprises with tools for the Bitcoin and Lightning ecosystems.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
"Cryptocurrency Turmoil: The Ups and Downs of Coinbase and Other"Cryptocurrency Turmoil: The Ups and Downs of Coinbase and Other Digital Asset Companies"
Coinbase is a company that helps people buy and sell digital coins called cryptocurrencies. It became a public company in April 2021 and was worth a lot of money at the time. But lately, the value of cryptocurrencies has been changing a lot and it's made it hard for Coinbase to make as much money as it used to. Another company that helps people trade cryptocurrencies, called FTX, had to close down because it was having financial problems. This made people worried about investing in cryptocurrencies and caused the value to go up and down more than usual. Some people try to make money by betting that the value of a company's stock will go down, and they're called short sellers. They've been trying to make money by betting that Coinbase's stock will go down, and they've had some success because the stock has gone down a lot this year. Other companies that are related to cryptocurrencies have also seen their stock go down and have had more short sellers trying to make money off of them. There is a tool that helps people see how much demand there is for borrowing a company's stock to sell it, and it's called "utilization." Utilization for Coinbase has gone up recently because more people are trying to borrow its stock to sell it. Short sellers have to pay a fee to borrow the stock, and this fee has gone up a lot for Coinbase recently. There are also other companies, like MicroStrategy and Marathon Digital Holdings, that have seen their stock go down and have had more short sellers trying to make money off of them. The fees to borrow their stock have also gone up.
FTX's collapse raises concerns for crypto-related stocks Bahamas-based cryptocurrency exchange FTX's filing of Chapter 11 bankruptcy on Nov. 11 have sent stocks of financial services companies dealing digital assets tumbling, further reducing the already dented confidence for the cryptocurrency industry.
According to Bloomberg News-compiled data, the implosion of FTX, which at its peak was the third-largest cryptocurrency exchange, and its spillover effects have wiped out nearly $5 billion in value across a range of other companies.
FTX filed for bankruptcy less than 48 hours after a supposed rescue takeover from rival Binance. After news broke of the company's collapse, Binance CEO Changpeng Zhao warned of the potential negative impacts of the event on the cryptocurrency industry, saying, "a lot of consumer confidence is shaken, and I think basically it sets us back a few years."
Indeed, not long after the filing of bankruptcy, the event has taken a toll on the shares of financial services companies involved in the trading and management of digital assets.
The aftermath
Some of the apparent publicly-listed victims are Robinhood (NASDAQ: HOOD), MicroStrategy (NASDAQ: MSTR) and Galaxy Digital Holdings (TSX: GLXY), all of which have fallen at least 15% the week of FTX's bankruptcy filing. Another company affected was Silvergate Capital Corporation (NYSE: SI), which posted a record decline after news broke of FTX's collapse.
More than a week following the event, the price of Bitcoin dropped to $16,132, causing a decline in the stocks of Coinbase Global Inc. (NASDAQ: COIN) and other crypto-related listed companies.
Meanwhile, Cointelegraph's tracking of companies up to Nov. 17 showed that the event also affected institutional trading firm Genesis, blockchain financial services company Galaxy Digital, venture capital company Sequoia Capital, hedge fund Galois Capital, crypto lending firm BlockFi, exchange Crypto.com, investment firm Pantera Capital and crypto lender Nexo.
On Nov. 29, BlockFi also filed for bankruptcy, citing significant exposure to FTX.
Tougher regulations to follow
"With FTX going down, we will see cascading effects. Especially for those close to the FTX ecosystem, they will be negatively affected," warned Binance's Zhao.
He said the industry will likely face more regulatory scrutiny focusing on capital requirements and handling of deposits, which he thinks is "probably a good thing, to be honest."
In a research report, JPMorgan said the collapse of crypto exchange FTX and sister company Alameda Research would likely prompt the acceleration of crypto market regulatory initiatives already underway. JPMorgan expects the FTX bankruptcy to also elicit a greater sense of urgency for regulation in the US, which is something that may actually help crypto-related stocks avoid future FTX-like shocks.
MicroStrategy Graph and Fundamental Analysis (MSTR)1. Graphic Analysis
Since March 2020, the company has been showing a strong correlation with Bitcoin (as shown at the bottom).
The price is "respecting" the white diagonal line in a big triangle 3 times.
It remains to be seen whether this line will be restored or whether it will now take off for good.
Perhaps the fundamentalist analysis below indicates a subtle change in operating results, to the point of enacting the bottom of this cycle.
2. Fundamental Analysis
The result was announced on November 1st.
2.1. Income Statement
2.1.1. Revenues
Sales increased by 2.69%, going from $122M to $125M.
2.1.2. Expenses
Operating expenses have been flat since inception, ranging quarterly from $111 million to $122 million.
2.1.3. Net Income
Net Income shows how much money a company earns after expenses.
Since the year 2020, net income has had a negative performance.
Despite sales increasing by 2.69%, this has not changed.
The positive point is that in relation to the previous quarter, the negative profit deteriorated, going from -$ 1.06 Billion to -$ 27.08 M
2.1.4. Earnings Per Share (EPS)
Earnings per Share is the amount of earnings per share of issued, ordinary shares.
Analyzing since the 1st quarter of 2021, this indicator has remained negative, signaling that those who bought the company's shares suffered a loss, in line with Net Income .
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2.2. Balance Sheet
2.2.1. Asset x Liability
2.2.2. Total Assets
The total value of assets decreased by 2.13%, due to a reduction in current and non-current assets.
2.2.3. Total Debt
Debts remain stable, in the range of $2.24 billion to $2.45 billion.
2.2.4. Net Debt
Net Debt represents the amount of debt that would remain after a company had paid off as much debt as possible with its liquid assets.
This value also remains stable.
2.2.5. Net worth
It is what's left after subtracting total liabilities from total assets.
Equity was positive until the first quarter of 2022.
But in the last two quarters it was negative by -$200 million.
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2.3. Cash flow
2.3.1. Cash From Operating Activities
Cash From Operating Activities represents the amount of cash that a company gets from its ongoing, regular business activities, such as the production and sale of goods or the provision of services to its customers.
Considering the period since 2021, Q2 2022 (the previous one) was the one in which there was a negative flow of -$18.37M.
In the current quarter, positively, this negative flow has stopped, standing at $1.10 M.
But still far from the last positive value of the first quarter of 2022 which was $ 46 M.
2.3.2. Cash From Investing Activities
Cash From Investing Activities represents the amount of cash that a company brings in from its investing activities.
It includes any cash inflows or outflows from the company's long-term investments.
A negative value of Cash From Investing Activities can show poor performance, but it can also be a sign of increased investment activities.
Spending on investments has been declining.
From a peak of -$1B in Q1 2021, in the current quarter of 2022(3) the amount spent was -$6M.
This signals a trend towards the end of investment activities.
It may be due to the higher cost of money, and/or the lack of need for such an investment.
2.3.3. Cash From Financing Activities
Cash From Financing Activities is the amount of cash that a company receives or pays to finance its activities.
That is, the company invests this money in itself, specifically in the development of its business.
A positive value may indicate an organization's intentions regarding expansion and growth.
A negative value may be a sign of improvement in the company's liquidity if debts are paid off.
A negative value can also provide information on the dividend policy of the organization.
In the same way as investment activities, the value follows a downward trend, that is, the company continues to prioritize the consolidation of its activities, or prioritizing the settlement of its debts.
2.3.4. Free Cash Flow
Free Cash Flow (FCF) represents the cash that a company generates as a result of its activities, excluding expenses on assets.
Free Cash Flow is sometimes considered the hardest financial metric to fake because of its calculation and for that reason, it's a popular financial metric in the investor community.
The current value remains positive at $769k, but far from the peak of $64M in Q1 2021.
Last quarter the balance was negative at -$19M, so we could at least consider this reversal as something positive.
2.3.5. Price to cash flow Ratio
It measures how much cash a company generates relative to its share price.
Formula:
Market Value/Cash Flow from main activities
The indicator remains positive and peaked at 69.46 in this current quarter.
The story of MichaelMichael had been hearing a lot about this new product that was powered by the internet. It was supposed to be amazing, and he was really curious to try it out.
When he finally got the chance to check it out, he was not disappointed. The product was amazing, and it worked just like it had promised. He could do everything from shopping to banking to Investing online, all from one convenient location. It was like a micro-strategy all in itself.
He quickly became a fan of this new product, and he started telling all of his friends about how great it was, shilling it on social media and having calls with anyone who would listen. Of course, they were all eager to try it out for themselves, and soon enough, everyone in Michael's social circle had become hooked on this internet-powered product.
Then the people in the social circle started talking about it, like they had a clue.
It was then so widely discussed, every man and his dog jumped in, even if they didn’t understand it!
I mean, it all just seems so complicated. And when you add in the fact that large investors and governments know that retail investors don't know how to invest wisely, it just makes me feel even more overwhelmed. But not a concern for Michael or his merry men.
It was back in 2009 when this product came into existence. Nobody was talking about it, or nobody that anyone cared about was talking about it. You could make a fortune if you got in on the ground floor. Instead many got in at a much, much higher price point.
And boy, what a surprised! Turns out, this new investment product wasn't actually meant for retail investors just yet, people who didn’t understand and got greedy listening to Michael n co. It was meant for large investors to profit from silly retail – although much like the NHS Brexit pledge, big boys into a product doesn’t mean a good outcome for the masses.
Many invested life savings into this product without knowing anything about it. And of course, within a few months the whole thing came crashing down. The price stayed low for months on end.
It's no secret that banks make a killing by trading against retail investors. But how do they do it? By taking advantage of their customers' lack of knowledge, of course!
Knowing that the average person won't take the time to learn. They can attract the suckers, when the retail-investors pull the trigger and buy, the big boys will immediately turn around and execute the sales feeding the rally. Clever really isn’t it?!
It's a dirty little secret that most people are unaware of. But once you know how to play the game, you can start beating the big boys at their own game!
If you've ever traded stocks, then you know that the banks always seem to come out on top. They make money by fooling retail traders into buying and selling at the wrong times. This new shiny, internet product – well, no different. Although many said "it is different this time"
But here's the thing: most retail traders don't understand how it works. They see the price going up as a signal to buy, so who is selling to them I wonder?
Moral of the story, don't listen to Michael and his cronies. Take the time to appreciate the charts.
BTC: Dips could hold?Bitcoin
Intraday - We look to Buy at 18371 (stop at 17987)
With signals for sentiment at oversold extremes, the dip could not be extended. We look for a temporary move lower. 18267 has been pivotal. 18158 has been pivotal. The previous swing low is located at 18138. We look to buy dips.
Our profit targets will be 19297 and 19597
Resistance: 19500 / 20000 / 20500
Support: 19000 / 18400 / 18000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
XRP: Rallies will be capped!XRP
Intraday - We look to Sell at 0.5239 (stop at 0.5401)
Bespoke resistance is located at 0.5250. Bearish divergence can be seen on the daily chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower. Bearish divergence is expected to cap gains. We look for a temporary move higher.
Our profit targets will be 0.4851 and 0.4761
Resistance: 0.5000 / 0.5100 / 0.5250
Support: 0.4800 / 0.4650 / 0.4500
P lease be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
MicroStrategy MSTR #MSTR $MSTR Let's take a look at one of my favorite ways to trade bitcoin, especially one of my favorite ways to trade Bitcoin on leverage by using 1x margin somewhere as simple as robin hood.
Bitcoin and MSTR are so heavily correlated these days that its rather straight forward of a play to trade MSTR as if it's your Bitcoin vessel.
MSTR. is also in a great range to buy IMO. Especially if looking forward more than just the next few days/weeks.
Its Highly likely you see MSTR run up into the $800-$1200 ranges over the next 12-36 months based on how and when BTC takes off.
September 21 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
Bitcoin is down 3.25% over the last 24 hours and fell to an intraday low of $18,715.37. Traditional equities also declined, with the Dow Jones Industrial Average, Nasdaq Composite and S&P 500 falling by 1%, 0.95% and 1.1%, respectively. The Fed is unlikely to announce anything surprising on the interest rate as the CME FedWatch Tool is predicting an 84% probability of a 75 basis point hike. Investors will focus more on Fed Chair Jerome Powell’s comments after the FOMC meeting. If Powell expresses a more optimistic view about the state of U.S. inflation, Bitcoin’s price will likely move higher.
Today’s Cryptocurrency Headline
MicroStrategy Brought 301 Bitcoins for About $6 Million
U.S. SEC regulatory filings show that between August 2, 2022, and September 19, 2022, MicroStrategy acquired about 301 bitcoins for about $6 million in cash, at an average price of $19,851. As of September 19, 2022, MicroStrategy, together with its subsidiaries, held approximately 130,000 bitcoins with a total purchase price of approximately $3.98 billion and an average purchase price of approximately $30,639 per bitcoin.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
BTC: Bulls are back!?Bitcoin
Intraday - We look to Buy at 20917 (stop at 20487)
Short term bias has turned positive. We look to buy dips. 20771 has been pivotal. 20874 has been pivotal. A lower correction is expected.
Our profit targets will be 21987 and 22387
Resistance: 21800 / 22500 / 23000
Support: 21500 / 20800 / 20500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
September 6 BTCUSD BingX Chart Analysis and Today's HeadlineBingX’s Bitcoin Chart
According to CoinShare, digital asset investment products saw minor inflows totalling US$9.2m although the predominant inflow was into short investment products. Bitcoin saw outflows totalling US$11m, representing the 4th consecutive week of outflows. Bitcoin is up 0.68% over the last 24 hours and rose to an intraday high of $20,180.00. The largest cryptocurrency has been trading between $19,500 and $20,500 for the past few days, suggesting the market lacks upward or downward momentum. The current market sentiment is extremely weak as the Crypto Fear & Greed Index is showing the market is in extreme fear territory.
Today’s Cryptocurrency Headline
MicroStrategy is Working on Enterprise Applications of Bitcoin Lightning Network
MicroStrategy executive chairman and former CEO Michael Saylor said at the Baltic Honeybadger conference that the company's developers are working on solutions that would allow large numbers of people to join the Lightning Network, a payment network on top of bitcoin allowing faster and cheaper transactions. Saylor said: “MicroStrategy has got some R&D projects going on right now where we’re working on enterprise applications of Lightning: enterprise Lightning wallet, enterprise Lightning servers, enterprise authentication.” It’s still a very early stage and it’s yet to be seen whether any viable products would come out of this, Saylor said.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
BTC: Bears are back!!Bitcoin
Intraday - We look to Sell a break of 19488 (stop at 19851)
Daily signals are mildly bearish. Trades with a bearish descending triangle formation. The bias is to break to the downside. 19500 has been pivotal.
Our profit targets will be 18601 and 18101
Resistance: 20000 / 20500 / 21000
Support: 19500 / 19000 / 18500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
$MSTR Level check MondayDaily range 265 - 283
End of month range 210 - 220
We've put another pre-market gapper into the books in today's opening session on US markets for Monday, opening -5% below friday's dismal close. WIthin the first 1h candle we've recovered most of the gap, and current 1h candle volume is higher than average, so demand is strong for the moment at these levels.
The most recent gap between 300 and 325 is sticking out like a sore thumb. It's a highly contested area since the start of the month, where trading ranged from Aug 1-10. Everyone who went long in that zone, and everything above it once the market managed to flip it into support are now completely trapped.
The gaps of mid to late July are calling from around 210 to 230, which lines up with the distribution fann I see in the chart, leading us down to exactly 210-230 range by the end of the month. This, unfortunately for the HODL'ers among us, is shaping up to be the most likely scenario....
Where are you at with $MSTR?