There is an intriguing video put out by Bravo Research on Friday comparing the price appreciation of Bitcoin to the lag effect of global money supply. I'll link it here (The Next Three Months Will Be Massive For Bitcoin) but if you just want the salient point, they make a compelling case for BTC $160K to $200K by September. If you have been paying attention to these updates, I have been making the same case with my charts since late June (Mid-Week Update: BTC Wave 5 Buy Signal): BTC All that the Bravo case vis a vis the global money supply does is provide a fundamental crutch on which to hang the bullish case already being made by price action of over the past few weeks. Speaking of which, we currently own two option positions on Bitcoin in the Premium Options Portfolio, both nicely profitable, although off Best Price & Return highs going into the close on Friday: Crypto Options - Premium Service Note: Stops moved up to break-even due to Best Return reaching +50% or better Crypto Options - PRO Service In the PRO Service we have been a little more aggressive and its paid off and we just this past week expanded coverage to Ethereum via ETHA calls: Note: Stops moved up basis Best Returns reaching either +50% or +100%. If either my charts and/or Bravo are right about what is coming up this summer, the returns in the tables above are just the tip of the iceberg in terms of the potential for leveraged gains from calls on Bitcoin and/or Ethereum. Lucky for us, a breakout is a breakout and an option is an option, whether on a stock, index, or cryptocurrency, and if we know one thing it's how to buy and exploit option leverage during a big run in an underlying asset. Go ask PLTR, RKLB or BITO (Bitcoin, 2024) 2024-2025 Top 10 Trades in PLTR, RKLB & BITO ETH 180 Minute ETH Hourly Weekend Watch: ETH breakout > $3,600 What's Next? On a continuing rally in crypto deep into this summer, we will be aggressively buying call options in IBIT and/or BITX, as well as expand coverage to Ethereum (via ETHA) in the Premium Service on the next tradable breakout (> $3,600). As for the stock market, more of the same can be expected, with recent purchases in RKLB, AMD, PLTR, HOOD and BABA providing exposure to a rising Nasdaq. Nonetheless, with market sentiment sky high, pay close attention to trailing stop levels in any recommended positions. GLD SLV Finally, GLD and SLV both continue to look bullish, which means pretty much everything is on a bull run. Enjoy it while it lasts, it is almost too bullish to be true, so I'm particularly sensitive so something going wrong, somewhere, sometime, and is some market(s). Fortunately, there are puts for such events. so also stand-by for a black swan...just in case, a/k/a, "nowhere to hide." After realizing over a 50% gain on the July SLV calls on Friday, we rolled the proceeds into the SLV Sep 19th $35C. Active Options "Active" = All recommended option positions, in whole or in part, that have not been closed via the -50% hard stop. PRO Service Premium Service
