Looking to take a flyer on some Call options as were nearing the 0.618% retracement level as well as being massively oversold.
TSLA short - 100 SMA to FIB 0.618 Retracement @ $190. $190 also lines up with the late June resistance breakout. Now should be support.
I continue to load up on shares whenever we get into the buy zones. I also hold COIN. Both are holds for me through the BULL Crypto Cycle. IMO CONY reaches and exceeds all time high during this period. Dividends of 100%+ paid monthly are crazy good. As long as you keep your cost basis to prices down in these buy zones you shouldn't see any NAV erosion. (IMO).
Bullish reversal candle today as BTC Miners are starting to get some post halving attention. Breakout of uptrending wedge pattern soon with Stoch/RSI turning up. These miners can run 50-60% in 6 or 7 trading days when they decide to go. $30 to $35 target. Holding long term $30 Calls into the bull cycle for much higher price targets.
COINBASE:ETHUSD Breaking an all time high could put any of these FIB extensions in play for this cycle. If we can get an all time high breakout sometime in, I could see the potential for the 1.618 FIB extension around 7,300 to be hit by end of 2024.
A break of the ETH all time high could put any of these FIB extension targets in play. If we break the all time high by June 1st, I could see the FIB 1.618 extension of 7,310 being hit by early fall 2024 or by year end.
Holding options on CLSK into Jan 2025. Looking for CLSK to take out old high, with potential TP at the FIB 1.618 extension.