Bitcoin broke out yesterday above $112K and never looked back. The breakout came about an hour or so after the PRO Update was posted on the website so there was plenty of time to enter the recommended Aug 15th $60C near the entry price of about 4.50 (I paid 4.55 for mine, so that is what we will go with for tracking purposes). That call has traded today as high as 8.60, for all intents and purposes a double right out of the box allowing us to use a 50% trailing stop already, just one day after entry. This move in Bitcoin may be just the early stages of a historic summer run, so its not too late to enter calls, albeit with BTIX already trading close to $65, it may be time to look at the $65 or even $70 strikes. August call option table below. BTC 180 Minute BITX Aug $60C Move stop all the way up from -50% to 50% trailing, i.e., 45.49% basis today's move. BITX August 15th Calls New capital use $65 strike. BITX 180 Minute Next targets = $75, followed by $100.
