$MSTR
Added 2025-05-05 11:38:10 +0000 UTCThe impulse wave is messy here but still valid.
Price pulled back very steep to in between the 0.5 - 0.618 Fib range and went as low as $230 but did not infringe upon the top of Wave 1, so Wave 4 is still valid even though it was very steep and went a lot lower than the typical 0.38 Fib retracement for Wave 4.
Price is now back above the 50 and 200 Day MA and the blue support line.
Holders seem to be perfectly fine with being diluted every few months here and are trusting Saylors approach.....I believe it is a gamble but they believe it and buyers have been stepping in.
Wave 5 can continue to move higher to the standard Wave 5 level at the 2.618 Fib at $601....or the extended 3.618 Fib at $792.
For me, buying $ETH under its 200 WMA is a much more sensible and low risk approach and can offer better returns but people like gambling on one man's plan.
Comments
Cap, what’s the alternative scenario and targets if BTC retraces to ~50k as per your BTC chart? Thx
SK27
2025-05-05 12:03:26 +0000 UTC
