Alex’s Watch List: Week of 6/17/19

Alex’s Watch List: Week of 6/17/19

GBTC: Still long and swinging GBTC from weeks ago at $4.67. Looking for $10 break and hold off a BTC push to 8200. If BTC can break and hold $8800, GBTC will be on to watch. The daily chart shows 200ma acted as support after bouncing off. IF $10 area can break and hold look for a possible move to test the $9.50 on a pullback and a test of $11.00 area. So far, so good on this swing trade on GBTC, from those $4.40-$4.60 area entries, great trading team. Will long to take some profits on a break and hold of $12. This area has been resistance since failing to break back on 5/30/19. Our game plan is starting to pay off

LTC: Strong day/weekend for crypto.  Our initial $42 entry was MONEY and TTG members are banking off that play, we tested 95 this weekend we took profits up in the $90s. The team added to LTC around the $73-77 area for a test of to 90. That $75 area held nicely as support for the trade which resulted in a retest of $100 area. Once $75 broke and held watching for a $90/$100 test. Currently using $120 area is acting as support on the daily. Starting to breakout of this trading channel, a break of 150 would push it up into a new channel.  Great trade so far for TTG members on this LTC trade. We got in at $42-$43, and ADDED around $77 and then again at $92 another easy trade thanks to charting and recognizing patterns and previous support/resistances

 

BTC: Bitcoin finally broke that $8000 area to push it up into the next channel, but could not break the next line in the sand of 8800. That $5000 – $62500 channel was where BTC was been trading until this recent run to test 9k. Our game plan was the same from before; watching if BTC can break and hold $8250-8800 area it will continue to bounce around. Once the break of $8800 happens, we are in the channel to possibly see 10,000. With BTC holding $8000 area as support this channel break could be happening sooner than later. Looking for 12k+ by end of year. Members caught some decent gains from our add the other day for huge gains on this swing trade. Charting told the story.

ETH: Another crypto play we entered as a swing recently at $252. Currently trading at $260, looking for $290 to and a break and hold to push it into the next channel of $300 to $370. Game plan is to add on a break and hold of $300 area. PT= $330

Back Burner Ideas:

EOS/btc ENJ/BTC   SPY OTM calls (290+)    XON  BYND

PINS       FRVV     NBY       IFMK     JNUG 9.00 calls

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