See important disclosure information at the bottom of this page
This was a rare Bitcoin advisory on 10/14/24 which we end up with a 100% profit in 5 weeks using BITX 2x Bull ETF.
You can join for just $40 a month, since 2019 we have hit almost 70-80% of my trades for profits using my Banister Behavioral pattern analysis for 3x Bull and Bear ETF's. Former Stocktwits Premium room from 2019-2024.
Here is the 11/20/24 Updated BITX chart with results, and below this is the original alert on BITX
Normally we cover LABU, SOXL, TQQQ, TNA, NUGT both bull and Bear sides but thought you may enjoy this analysis. Most Alerts are much more concise. - Dave
10/14/24 Alert (100% gains taken 11/20/24)
BITCOIN
Although I may have missed the low 60,000 area last week to enter, I prefer some confirmation of my views
Bitcoin looks poised in my opinion to finally make a run over the next intermediate window (read possibly months) to 98,700 area of loosely towards 100,000 after an 8 month consolidation. The highs were near 74,000 area and lows around 50,000 over last 8 months time period.
BITX is the 2x BULL for Bitcoin, so if you are not a Crypto enthusiast you can skip this position but I will start a 10% position here and if we dip again enough double up and or perhaps even add higher.
The potential over time is 100% gain from current BITX pricing...
$29.50 area
Parameters: Max Entry 30 add to 27 area on dips if so for 10% position No Stop Target 59
The content provided on this website and through associated materials is for educational, informational, and general research purposes only. It represents the personal market analysis, Elliott Wave models, and behavioral forecasting views of the creator and must not be construed as personalized financial, investment, institutional, or legal advice. The creator is an educator and publisher, not a licensed financial advisor, Registered Investment Advisor (RIA), or Commodity Trading Advisor (CTA).Trading equities, options, futures, and sector ETFs involves a high degree of risk and a substantial potential for capital loss. You are entirely responsible for your own trading decisions and risk management. Past performance, including historical chart examples or forecasting track records shown, is not indicative or a guarantee of future market outcomes.Leveraged ETF Warning: Leveraged ETFs are sophisticated financial instruments designed strictly for short-term or daily trading horizons. Due to daily compounding and volatility decay (beta slippage), holding these instruments over longer periods carries significantly higher risk and may result in substantial losses, even if the underlying index or sector moves in your predicted direction over the same timeframe. These products are not suitable for long-term buy-and-hold investing.
CFTC Rule 4.41 Disclosure: Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.
