Technical Analysis on BTC, MSTR, COIN

For Week of April 7th

Latest Bitcoin Price Analysis

MicroStrategy (MSTR) Trade Plan

Buy Signals

A close above the $324.78 formation is the next buy signal in MSTR – targeting 403.64 within several weeks – the 543.00 November 2024 all time high within 2-3 months.

Sell Signal

If MicroStrategy continues to close below the $324.78 formation on a weekly settlement, expect potential bearish continuation down to a retest of 231.51.

Coinbase (COIN) Trade Plan

Sell Signal:

COIN closed below the 205.03 channel bottom, signaling bearish continuation through Q2. We now are looking for a 3-5 month drop to 116.30. Consider short positions in COIN. $140-$150 OTM strike prices that expire in May or June would be the recommended options strategy.

Buy Signal:

A weekly close back above 206.83 (high of move low) signals recovery in COIN. Buy COIN if we get a weekly settlement back above 206.83.

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