This is the TSLA 240 Minute Trading Model, which flipped Short a week ago and is currently working its way to a fresh re-entry Buy Signal after dipping into the Fib retracement zone over the past 48 hours. TSLA 240 The next Buy from this model will be accompanied with new option recommendations, one of which we have been highlighting all week will be the Jan 2025 $420C, and at least one more shorter-term oriented calls closer in strike price and time which will be a more aggressive strategy for more active traders. By the nature of that strategy the strike and expiration will be dependent on where and when that new 240 Minute Buy Signal is generated. A rally above $200-205 will likely generate the new entry sooner rather than later, while a drop below this week's low of $186 will delay the onset of any new Buy Signal. Bitcoin Drops Bitcoin, which has been one of the YTD asset leaders to the upside, is down over $1,100 overnight. For macro comparisons, Bitcoin behaves much like a Nasdaq 100 stock, but at least so far today's Bitcoin losses have not dragged down stocks. Either that comes next, or, there is a decoupling going on. This is worth keeping an eye on over the weekend and into early next week. BTC Hourly
