From our Feb 10th Weekend Update: "Both Bitcoin and BITO (ProShares Bitcoin Strategy ETF) have confirmed Buy Signals in their respective trend Models. Charts below. Accordingly and against every skeptical bone in my body, I am recommending BITO calls for an intermediate Term trade. After all, when it comes to our trading signals, a signal is a signal and a trade is a trade. 50% trailing stop, target, new Bitcoin high(s) (> $69,000; BITO > $40), later this year." "BITO: target above $30 by Jun expiration; above $25 by Mar expiration, use 50% trailing stop to limit losses and protect gains. Past performance is not a guarantee of future results." 2-Week BITO Call Performance Bitcoin BITO Tesla - Fresh Intermediate Term Buy Signal As of Monday's close: Intermediate Term Buy Signal confirmed on a TSLA daily close above $200. The expected move here is well into the $300's in 2024, making January 2025 out of the money calls the best bang for the buck. Use a 50% trailing stop, or a TSLA close below $190 to exit. TSLA JAN 2025 Calls With a close above $200 any call on this table works for an expected third wave higher, well into the $300's by Jan 17, 2025. Trade canceled with a close below $190.
