14/9/2024
Our swing trend model has flipped long today.
Yesterday, Michael Saylor announced that $MSTR purchased another 18,300 BTC; another positive catalyst that the market was looking for.
However, with OI jumping nearly $1B yesterday and perpetual CVD increasing, the sustainability of this move is questionable on a medium timeframe, as it suggests price movement is largely driven by the perpetual futures market.
Nevertheless, we're sticking to our systems.