This was the featured chart in the Blue Line Trading Weekend Update that went out to paid subscribers on Saturday. Together with this chart was a recommendation for a Jun 2024 call option that will appreciate 10X if Bitcoin challenges its all time high of $69,000 made in November 2021.
Bitcoin Intermediate Term Trading Model
There is no reason for $69K to be a lid here, it may as well be $100K if there truly is a third wave involved. In that case, 20X for the call, then we roll it over into Sep calls for another 20X. What are the chances? In a vast oversimplification of Elliott Wave counts, Fibonacci cycles and math: 50-50.
Bitcoin Long Term: Nice Set-up For Summer Calls
Blue Line Premium/PRO subscribers can view Jun calls here: Bitcoin Buy Signal.
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*Use Code: GOPRO@50% for half off first month of Premium or PRO subscription.
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