The action has been fast and furious in the both the stock and crypto markets over the past few days, so before it gets too far away let's take another look at Bitcoin and the recommended calls from the Weekend Update. Bitcoin BITO BITO Options The recommended calls for both the BITO June and March expirations have spiked nicely higher along with Bitcoin and BITO since the Weekend Report. As both calls have risen well above 50% out of the gate, this trade should have happy endings, locking in positive returns using a 50% trailing stop. Anything is possible though as crypto's trade overnight and on weekends, so consider taking gains along the way, even if limited to initial investment returns. The Fibonacci extension tool is projecting much higher prices for both Bitcoin and BITO in the weeks ahead and only a Bitcoin reversal back below round number support @ $50K would cancel out such projections. For latecomers, absent such a turn down, it is not too late for new entries into either or both of the above two calls. BITO March Calls BITO June Calls
