Crypto Shining...

# 519

Folks -

Not very often do you see movements in names, like the ones that I shared only a few weeks ago.

Where to even begin?

It was about a 4-5 weeks ago that I turned st bullish on Bitcoin at 25000 dollar level.

Today it is trading near 32000!

BTC ascent though is not as impressive as that of COIN and MARA.

COIN was up 25% today alone!

MARA up a 15%!

Notably I had shared these at around 50 and 11 dollars respectively and today they closed above 100 and almost 20 respectively.

I mean this is the reason why I do this Stack. To be able to share such names that pop up on my radar with folks, often weeks and months before the momentum takes off!

COIN, MARA were not the only movers.

I can parrot dozens of names which were up anywhere from 6 to 15-20% today which I have shared in last few weeks alone here in this Stack.

FDIG? Check.

SQ? Check.

PLTR 0.00%↑ ? Check.

SE? Check.

U? Check.

WE? Check.

Oil? Check.

TJX? Check.

TTD? Yep.

S&P500? Meh.

I can go on. And on.

With respect to the S&P500 (general market), the volatility has just died. I do want to reiterate that my S&P500 bias is in context of a long term investor time frame not some short term puts or calls.

I have several accounts and out of them I have accounts in which I am 100% invested in stocks. Yes, 100%. Then I have accounts in which I am only partially invested, like 10% and I have been waiting for favorable prints on the general markets to go 100% invested. For my long term levels, I do not rely on momentum but value area levels and this is why I have been waiting for these levels as I personally like the risk to reward a lot better at these levels rather than where we are right now.

Then I have accounts for intraday trading up and down same session, flat at the close. So, really there is no one size fits all for me. I know, it is nuanced and not black and white. As it should be.

Now can I really find such moves as COIN and SQ every day?

No that is not true. It is really a special widow of time. Either things are going up like this and something else stops going down like the S&P500 or S&P500 is crashing thru the floor and other things stop going up. You can’t have both at the same time.

All I can say is that things are very active and fluid right now and if you wanna hear from me pretty much on every day basis. subscribe below with the sweet heart deal below.

Levels for tomorrow

On the emini side, my 4519 level was low of the session today and we did not do any trading below it before meeting that target near 4550 shortly afterwards.

TTD

TTD bullish bias by me was shared near 60 bucks a few weeks ago and today it closed at 87.

In my view, 82-83 may be a decent support and if this holds, we may run into 97-102 area.