
MicroStrategy Inc. (MSTR) has demonstrated its strongest relative performance against the Nasdaq-100 ETF (QQQ) in the past two and a half months, suggesting a potential monthly higher low formation. The company's stock strength is closely linked to Bitcoin's (BTC) continued relative strength, which has helped MSTR maintain levels near recent highs. Market analysts note that MSTR and GameStop Corp. (GME) have shown consistent relative strength compared to both Bitcoin and QQQ over the last week, making them candidates for bullish swing trades. Technical observations highlight a strong one-hour setup for MSTR, with key market indicators such as the VIX at 30 and a flagging QQQ pivot. While MSTR's performance remains highly dependent on Bitcoin's movements, its recent clean technical lines indicate positive momentum.
$MSTR Notable clean lines. Of course highly dependent on BTC, but still... https://t.co/9618NnX573
$BTCUSD Bitcoin Squeezing $MSTR 1 HR setup, dnt working in morning now looking strong Market at MTF, VIX at 30, key pivot $QQQ flagging
I am not focusing on crypto names specifically, but $MSTR and $GME are both on the bull swing trade list because of their consistent relative strength to both BTC and QQQ the last week+. Let's see how long it keeps up.