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. Bitcoin Intermediate Term Trading Model BITO 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. BITO Calls - March BITO Calls - Jun Big Picture Marking time, making a mega top and playing with market participants fear of missing out, all typical and historically reliable markers of bull market ends...not beginnings. Payoff is coming, if not this month than next. IWM A third wave down is still the preferred set-up, but an IWM rise now up above the December 2023 high of 205.49 breaks rank with any kind of bearish pattern recognition scenario, including wave count shown above, which would likely have us loading up on TSLA calls in short, intermediate and/or longer term time frames. Speaking of TSLA, price is moving close to an actionable trigger, as shares are probably just a few dollars and/or days away from a fresh Trend Model Buy Signal TSLA
