Bitcoin is poking its head above the multi-month downward sloping Wave 4 channel. A solid break above this channel will trigger the purchase of BITO calls. Let's use today's high of $68,399 as the key level to break, i.e., on any Bitcoin print @ $68,400 and above, buy the BITO Jan 17th $20C. BTC A clean break above the channel would target $80K - $100K Jan BITO Calls With BTC above $80K, BITO should be in the mid-$20's . Gold Above $2,700, Gold is targeting $3,000 sometime into the 1st quarter of 2025. Like Bitcoin, Gold gapped up today but has fallen back below that key level. The next move up in Gold and Silver could dynamic and leaving $2,700 behind should set it off. Otherwise, more sideways first, then lift-off. GLD Active Premium Service Gold & Silver Positions GLD, SLV, GDX remain Buys, in that order. Rollover GLD Return Since March $1,000 has grown to $20,556 since March 1st by holding GLD calls to week of expiration then rolling over into new strikes/expiration as per GLD Alerts. Gold: The Big Picture RKLB Another breakout: Still a Buy New high for the trade! QQQ Crash Window Update: If 480 breaks, 460 is next and if 460 breaks, look out below.
