Hello everyone! Today i want to share some trading ideas with you!
1.
$Bitcoin(BTC.USD.CC)$ is on the verge of the next breakout to $150K this year 🚀
$100k looks expensive now but it will look cheap when it's trading above $250k in the next few years.
Bitcoin pulled back to the 2024 highs near $74K, held firm, and ripped back toward all-time highs. It’s now consolidating just under the key $109K level - a breakout here could ignite a multi-month rally toward $150K and possibly $300K if momentum sustains.
There's been some regulatory developments involving BTC as well. The introduction of the "Genius Act" aims to regulate stablecoins, potentially expanding the market from $240 billion to $2 trillion by 2028. This legislative move has bolstered investor confidence, leading to substantial inflows into Bitcoin-tracking ETFs
JPMorgan Chase has reversed its stance on Bitcoin, now allowing clients to invest in the cryptocurrency. This shift reflects a broader trend of institutional acceptance and integration of digital assets into traditional financial services.
U.S. spot Bitcoin ETFs have seen record inflows, with over $3.6 billion entering in May alone. This surge indicates growing institutional and retail investor interest
Bitcoin’s strength is also a clear sign that RISK IS ON across markets. As long as $BTC stays elevated, stocks and other risk assets are likely to follow. I track Bitcoin daily as a real-time barometer for risk appetite.
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2.
TRADE PLAN for Thursday ✅
$S&P 500(.SPX)$ trend change today with $SPX breaking the 5900 support level. SPX 5800 test in play if it breaks under 5843
SPX May 22 5800P is best under 5843
$Tesla Motors(TSLA)$ under 334 can test 325 next. TSLA needs 350 to consider calls
TSLA 325P is best under 333
$Amazon.com(AMZN)$ if it breaks 200 tomorrow we can see a gap fill near 195
AMZN May 30 195P is best under 200
Possible trend change occured today after a big rally we saw the past 3 weeks. IF SPX can't reclaim 5900 and $Invesco QQQ(QQQ)$ stays under 515 by Friday, It's risk off for the upside. Good luck tomorrow everyone! 🫡
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