$UFD
Cooling DownSnapshot Window: 2026-07-17 12:50 UTC · ← Back to Crypto Overview
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$MSTR Can this micro support hold for a final bounce? Elliott Wave Analysis #MicroStrategy [Spoken audio]: The MSTR chart is currently working on a small pullback and the pullback is in a location now or has reached an area where the bulls need to step in to keep the white microstructural life. So let's first of all talk about the short-term bullish and then about the short-term bearish scenario. Before we do that I I just want to make it very, very clear that my view is that MSTR has not yet formed a major low, surely a local low maybe, and there is still potential for short term higher prices. However, in recent months, MSTR has been incredibly weak and really it only always did really the minimum of what it needed to do in terms of an upside bounce when it had the potential to make use of more bullish, let's say, potentials, right, even though those were just often the potentials for larger corrective bounce moves, MSTR often didn't use them. So I'm not necessarily highly convinced here about the white scenario in which the market could form, for example here, a sea wave to the upside. As you can see on the chart, it's very much possible that the The market is starting an internal sea wave to the upside from here and we actually could have formed already the one to set up off that sea wave and the price is currently testing wave to support between $92 and $50 and $95 and 85. I would need at least a break above the last high at $102 to get a confirmation that the market is on its way to the blue target zone for Wave C, which starts at $117.85. That being said, this year is the short term chart, so if the 1-2 setup gets invalidated, which it will be with a break below $90, that's the swing low from the 13th of July, then probabilities will increase in the orange scenario, which is the more directly bearish one, the market could have started a third wave decline already. So to be very clear, we're currently testing micro support for the bullish case. However, below the micro support area, orange will already become more likely, and it will become even more likely with a break below $90. And in the bearish count, as I said, one more low, at least, is expected anyway. The price should get towards $75, I mean, maybe even into the $40 region, which which is the next larger degree Fibonacci level at $41. So again, I think this is again a key spot, but again, I have to say very clearly in both scenarios, lower prices are still expected. So this will give you a really good idea of what MSTR is up to, what the key levels are. But with all of this, keep in mind that you can't really understand properly what MSTR is doing without understanding what Bitcoin is doing. So for those of you who don't know yet, we are running in quite an ActiveX channel. There's probably a new update every hour. Could be about Bitcoin, could be about Ethereum, MSTR, other asset classes. It's the more crypto online channel on X. You'll see it here on the screen. I'll leave a link in the comments section for you as well. So make sure you follow there so then you also get all the updates because updates are coming here much more frequently than on YouTube. Thanks so much. Have a great day. Bye-bye.
