Bitcoin
Long

MSTR will rise if BTC rises from weekly 200ma

209
The white rectangle shows this week's candles. While they look quite different, remember that Bitcoin runs 7 days a week, so the smaller Microstrategy candle includes the gap lower open. More importantly, on a daily closing basis, MSTR has bullish divergence with RSI and is seeing buyers after a green close on Monday (when most stocks were red). RSI and stochastic both will rise from current levels, even if it is temporary.

Options have wide spreads and volume is light, so check the chain and hold to your buy price. I don't mind paying ask price if I expect a sizeable price increase, but I would use less capital to do this.

There is a quick trade back up to the daily 10 or 20MA, or buy July for a rise to 250-300 (see 15Jul 300 strike calls).

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