Bitcoin does a drop then pop LONGBTCUSD three days ago did a drop to take out stop losses and get shorts to take profit. Since
then it reversed climbing over a price of 45.4 K. The MACD lines are under the histogram which
just flipped negative to positive indicating the beginning or recycling of bullish momentum.
The RSI indicators are not at all in overbought territory no matter then run up over the
following three days. Relative Volumes are about 3X the running average. CLSK Clearspark
reported today and surged. Anyone who played my options idea for it, saw a 300% return
overnight. HUT likewise. Although I did not post an idea, BTBT got even more altitude and
got over its past year high while still only 20% of its all-time high, Is this with the crypto
resurgence at its onset predicted by both pundits and fortunetellers? Maybe or maybe not.
But what it might be is an opening to get into your favorite crypto play while the momentum
continues. I would seem that the most aggressive is near-term options on equities approaching
earnings. MSTR is a megacap slow moving and it got 25% in the past five days on the share price.
The small caps are moving much more than that. If you have cash in reverse this might be a
to deploy it judiciously here in some of the crypto action, in my opinion.
Cryptosurge
BITFARM a penny cryptominer LONG CONTINUATIONOn the 15 minute chart BITF did 25% this week as Bitcoin climbed over 45,000. It is running hard
with lots of its peers. IF BTCUSD trades up all weekend there will be continuation. The best
options which closed Friday afternoon did 5X overnight, some of the peer's had 5-13X.
The RSI indicator and ZL MACD are supportive. the Stochastic adjusted to a period of 14 x4=56
is getting overbought. All depends on BTCUSD ( and ETHUSD) as stablecoin high market caps
over the weekend. My options are open and rolled into the following Friday.
BETS- another crypto penny stock resting over the weekend at the 0.5 fib retracement of a 100% 1-2 day move while Bitcoin trends
higher in weekend price action. Can the price action reverse out of the pullback and
retracement with bullish continuation? Relative strength has retreated but held at the 50 level.
Consistent with consolidation, the volume fell off for the close of the trading week. I will take
a long trade in this suspecting it will do well as did HUT and other cryptocurrency penny stocks.
I will set a 5% stop loss and target 25% or the middle of the zone of the topping wicks
on the pivot high of the previous trading day. So, this is a R:r of 5 trade plan. Safe and
conservative especially since I will only use 0.01% of buying power for the trade.