Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Have you ever walked against the wind ? down the street? How about thrown a football ? or moved against the current in a stream when fishing?
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Then you know how difficult it can be , when the wind or current is with you , the activity can seem almost effortless.
The same can be said for trading, whether stocks or options , as 3 out of 4 stocks generally move with the trend, 3 out of 4 also go down when the market corrects(although it feels like they’re all going down).
The purpose then is to go with the flow.
One way to do that is to trade when there is a confirmed uptrend, at least the market is on your side .
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Another way is to use a triple screening method that can put the odds in your favor. I employ this method as one of several in my Options Scout service.
Scanning for stocks that are setting up for buy signals on a weekly chart gets the longer term flow in your direction, we then take those candidates and scan them out further by
Looking for buy setups on a daily chart. After getting that list we then look for specific entry points on a 60 min chart to really hone in on a buy point , at this point we can trade the stock for a longer daily trade or just buy and sell the intraday patterns until the setup plays out on the longer term charts.
A recent example of this is the R (ryder systems ) trade I recently took in my service.
We use options for their ease of use and leverage they provide. We can use weekly options for shorter trades or go out a month or two if a longer time frame is warranted.
More information to follow on options in future articles and videos showing specific examples of this type of trading on my option scout website at www.marketfy.com.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.