This is not looking good.
MicroStrategy has a history of experiencing deep drawdowns when the RSI(14) monthly reaches extreme levels (above 80), followed by a negative month.
Combine this with the speculative and euphoric momentum… pic.twitter.com/T7s3lqVSZ4
— Guilherme Tavares (@i3_invest) December 26, 2024
IRONY: bitcoin's fate now in the hands of a bunch of 'boomer' ETF holders & Microstrategy debt holders.
'OK boomers' 👍 (but please don't sell 😂) pic.twitter.com/p4wjnp2aQC
— Make Gold Great (@MakeGoldGreat) December 26, 2024
The last time the 52-week MA volume of SPY presented a similar pattern: Feb/2020 pic.twitter.com/3GdixdxbPf
— Guilherme Tavares (@i3_invest) December 23, 2024