Sample Alerts
This was a rare Bitcoin advisory on 3/20/24 which we had a huge profit on. 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
Bitcoin Play- Charts below then commentary
Bitcoin Play- Charts below then commentary
Long Term Monthly Chart running into resistance, pullback is normal here
This is only a 2x ETF. I can make a case for 75,000 on BITCOIN which would push BITX up 34% from current levels intermediately. In addition, we could work a bit lower on the weekly charts to 59,000 area which would put BITX lower so if that happens and you have the stomach we will double up. Be prepared for volatility near term and as I always advise, use a lot of "micro-trades" or small position adds to build and take advantage.
Trade Parameters: BITX 2x Bull Bitcoin, 44.61 at time of post
10% position of 1/2 size as we often double up later on dips
Max price 45 but could see 41 area on dips so work in over days here
No stop as we may add as low as 37-39 area on further dips to a 20% position
Target could be as high as 59 area from 44-45 here eventually if my patterns are correct