Alex’s Watch List: Week of 4/22/19

Alex’s Watch List: Week of 4/22/19

GBTC:  Great close on Friday helping out our swing trade. Still long and swinging GBTC from a few weeks ago. Looking for that $7 break and hold off a BTC push. If BTC can break and hold $5250, GBTC will be on to watch. The daily chart shows 200ma acted as support after bouncing off $6. $7 has been resistance since November of 2018. IF $7 area can break and hold look for a possible move to test the $7.70area. So far, so good on this swing trade on GBTC, from those $4.40-$4.60 area entries, great trading team. Our game plan is starting to pay off

RENN: Great swing trade from 1.70, we caught that bottom bounce from 4/12. Looking for $2 to break and hold before looking to possibly add.

RIOT: Looking for that S5.25 area to act as support if needed on a failed break of $5.50 area. Look for a test of the $5.00/$5.25 area, which has been acting as support. Potential golden cross setting up as well on the daily to the north. Some Vol and a crypto move could cause RIOT to rip this week. On watch for a $5.50 break and hold.

LTC: Strong day/weekend for crypto.  Our $42 entry was MONEY and TTG members are banking off that play, we took profits up in the $90s. From 42 to 92 in a few short weeks. That $45 area has held nicely as support for the month of February which resulted in a retest of $50 area. Once $65 broke and held watching for a $70 test. Currently using $65/$70 area is acting as support on the daily. Starting to breakout of this trading channel.  Great trade so far for TTG members on this LTC trade. We got in at $42-$43, and ADDED around $77 another easy trade thanks to charting and recognizing patterns and previous support/resistances. Either way charting was what made this trade easy to call out and trade. Charts do not lie.

YRIV: Looking for a possible $1.00 to hold as support for a possible move back to $1.20 area

BTC: Bitcoin finally broke that $5000, but could not break the next line in the sand of 5450. That $3350 – $4000 channel is where BTC was been trading in since November 23rd, 2018. Our game plan was the same from before, we were looking for a BTC can break and hold $4250-4300 area it will continue to bounce around. Once the break of $4200 happened, it ripped to over $5000. With BTC holding that $5050 to $5250 area as support this channel break could be happening sooner than later. That $5700-$6250 area cannot hold look to test $5000 area as support. Members caught some decent gains from our add the other day for over 5% gains. Charting told the story, yet another easy play from knowing how to read a chart.

Back Burner Ideas:

PEIX     SLS       ENJ/BTC   SPY OTM calls (290+)  TYHT

PINS     GEVO   RBZ      SRAX    INPX     JNUG 8.00 calls

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