If Bitcoin breaks and confirms above 65K and we get a real bull run, then I’ve outlined a Game Plan for the next few months. It isn’t so easy as buying quality alts and waiting. According to previous bull runs, the proper way to maximize profits is outlined in the Game Plan. The timeline and dates are just a rough guess of mine. Please don’t pay too much attention to it. Watching when the Bitcoin Dominance turns and reverses will be key. Before it depends, I think buying the dips on the Bitcoin stocks will be the best strategy because most alts will be disappointing until Altcoin Season starts — i.e., when Bitcoin Dominance starts to turn down. And buying bitcoin at this price doesn’t make much sense because even if it goes to 100K, that’s not even close to doubling your money. Better off to accumulate Bitcoin during a real bear market. For now, Bitcoin stocks are much more leveraged. And then try to time the entry into different sized altcoins. If done properly this will compound profits rather than buy altcoins now and wait.

Fed and the whole market have been focusing on tapering for a few months now, but Bitcoin has just ignored all of that in the last few weeks. But it can’t overlook tapering for too long. That’s why I marked in the Game Plan that the Bitcoin Bull market ends in Late December. That is just a rough guess, of course.

Bitcoin Season

it is Bitcoin season which means alts will underperform largely to bitcoin. That Bitcoin Dominance is hitting a resistance level at 47.5, but I expect it will go to 50–52.5 area before attempting a reversal. So what that means is altcoin breakouts are likely to fail, VET and even OMG, we’re breaking out as I have alerts for them but came right back to the resistance/support line. Even OMG came back! This is a strong message because many ETH whales hold OMG, and we saw on Chain that some whale just bought a few Million dollars worth of OMG as it was breaking thru, but it still pulled back. So what’s the message? Bitcoin season means Bitcoin will run, and yesterday was a nice opportunity to get into a few good Bitcoin stocks that pulled back a little such as BITF and HUT. And MARA and RIOT are popping because they have underperformed lately. See, things happen in turns. Money will rotate. As outlined in yesterday’s Game Plan, I suggest everyone trade it to know what we’re trying to do for the next few months if the bull market does materialize. Now is the time to focus more on the Bitcoin stocks. Another way to do this is to buy Bitcoin futures, but I strongly hesitate to do that here because nobody listens when I say don’t use high leverage, and folks always use 50X and get wiped out a few hours later. That’s why I recommend Bitcoin stocks. They’re leveraged already because they borrow money to mine bitcoins, so if bitcoin 2X, they 5X or more. But if they drop, they can’t liquidate you because they are stocks. They can’t liquidate you. So that is what I call “smart leverage,” buying Bitcoin stocks is like buying Bitcoin futures on a 3X or 4 X leverage, but you can never be liquidated. Think about it, folks.

Watch the Bitcoin Dominance and see when it is reversing on the chart, see where the key resistance levels are on the bitcoin chart. 47.5 is a small resistance area, then 50–52.5 is the big one.

I’m also looking at 92E and PDN from Australia. I buy these because of the research I’ve seen in them and because I don’t have to experience exchange rate fluctuations. I’m not here to bet on the AUD/USD exchange rate if I can help it.

But plenty of good American Uranium companies around. 92E I’ve seen some research on it and have been talking about it for months ago.

There’s not much point speculating whether it will go over 100K or not. Just play the market as it develops and watch for the signs of Whale distribution.

My trading strategy

I start with monthly, then weekly, then daily, then maybe 4hr. For crypto, the 3day chart also helps. I’m not trying to say trade, so I don’t look at 1hr or 15 mins charts often. At the end of the wick, I try to avoid it if I can because that’s just some guy who was FOMOing or panicking. Try to use the closing price if I can or if I have to use a wick, then see if there is more than one wick. If 3 or 4 wicks all end in that same area, it is good to support/resistance.

So on the first day of that Bitcoin (Futures) ETF trading, there were 10K buy orders and 70K sell orders?

So the selling outnumbered buying 7:1? Well, I guess people figured out that a Bitcoin futures ETF is not the same as a Bitcoin physical ETF ha… Also, very few large block orders were placed, meaning that it was mainly retail and algorithm traders flipping it. So you mean there weren’t institutional whales buying and holding the Bitcoin Futures ETF as some people had predicted?

Ok, so the Bitcoin Futures ETF was always not what it’s cracked up to be, and I’ve been warning about this. But on the bright side, the CBOE, the largest derivatives/futures trading Exchange, just bought a crypto exchange and wants to start a CBOE Digital Assets section. That is indeed institutional recognition of the crypto space. Also, China is buying a lot of Natural Gas due to energy shortage, so is the UK and Europe, I guess…… I’m thinking this inflation due to supply-side shock can run for at least another few months… And this will tip the scale in favour of nuclear energy. When the winter comes, Would you rather freeze or use Nuclear power? Uranium could keep running up.

Conclusion

So I’d like to suggest one more: ANY. You can see, pretty much all the Bitcoin stocks are jumping rn. It already did 4X as Bitcoin did a 2X, so we know how much leverage it has got, and it is consolidating near the base there not running up just yet. It could be a good idea to DCA in some now and then place buy stops on the support levels underneath. Also, another crypto I’m placing buy orders on under the market is LPT. Check out my message from a few hrs earlier.