The run-up in Bitcoin and its option vehicle, BITO, has now exceeded our original EW expectations, suggesting the potential for a run to $100K and above. See charts below for alternate mega bullish wave count: Bitcoin BITO Caution Still Warranted Nonetheless, caution is still warranted. In the crypto world anything is possible, especially over three day weekends and/or while we sleep, so maintain 50% trailing profit stops on all positions and alternatively consider taking some profits while at the same time rolling up to higher strikes or further out expirations. For tracking purposes, we will stick with our original picks (below). If this rally continues much longer we will roll the March expiration into April. Premium Service Bitcoin Calls (late-session Monday) Late add: TSLA SPECIAL ALERT Exit Calls (currently -25%) on a close below $190
