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.
Technically the DIA looks poised to make a run for new highs. We liked the fact that we closed at Monday's highs, which we consider to be the breakout level. We will be watching this level, 140.60 closely to see if the breakout is confirmed. We will also be looking closely at volume today and tomorrow. Yesterday's rally was on exceptionally low volume, which is a concern. For the rally to really gain traction volume and participation will have to increase. Another risk to the rally is bearish news flow over the sequester which is set to begin tomorrow. Because of these risks we are playing the breakout with out of the money call options to keep risk limited in case we are wrong and the market sells off.
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.
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