{"id":75834,"date":"2024-10-14T09:24:29","date_gmt":"2024-10-14T13:24:29","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75834"},"modified":"2024-10-14T09:26:48","modified_gmt":"2024-10-14T13:26:48","slug":"scott-redler-bitcoin-100000","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/10\/14\/scott-redler-bitcoin-100000\/","title":{"rendered":"Yes, Bitcoin Can Hit $100,000+"},"content":{"rendered":"

Brought to You By Scott Redler's Power Plays – Get My #1 Idea Every Week.<\/span><\/a><\/b><\/p>\n

The Soft Landing\/Goldilocks rally hit a new high of\u00a0SPX<\/b>\u00a05822 on Friday. Bank earnings produced new highs in the\u00a0XLF<\/b>\u00a0as\u00a0JPM<\/b>\u00a0and\u00a0BLK<\/b>\u00a0had big gains. Earnings season will create big moves in the weeks ahead, so know what you own and why.<\/p>\n

Tech did not lead the tape to new all-time highs, but the QQQ's cleared its wedge last week to participate. We'll see if it holds $489ish to clear $494.45 to work towards the $501-$503 area.<\/p>\n

Now let's dig into some individual names, starting with the topic of today's post:<\/p>\n

Bitcoin<\/b>\u00a0is now a major focus in\u00a0Power Plays<\/b>,<\/a> with\u00a0IBIT<\/b>\u00a0and\u00a0SQ<\/b>\u00a0as recent ideas. Plus I personally hold those, as well as\u00a0MARA<\/b>\u00a0calls and\u00a0CORZ<\/b>\u00a0stock.<\/p>\n

Bitcoin could hit $100,000 to $150,000 in 3-6 months. It reminds me of\u00a0FXI<\/b>, which took off after building a huge channel.<\/p>\n

But of course, let's watch the price action and manage risk along the way. Nothing is a sure thing.<\/p>\n

XBI<\/b>\u00a0had its first decent upside candle in a while on Friday. I added to my calls for December. It needs to hold $95, and we'll see how it handles the $99.65 area. Then $103ish is the major.<\/p>\n

AVGO<\/b>\u00a0is erratic at times but is one of the few semis near highs of the year. It looks good. It needs to hold $177. Perhaps this week it clears $186.42.<\/p>\n

U<\/b>: Software got a bit better. This laggard looks okay for a tactical long. I did buy some calls. It needs to get and stay above $21ish to open the door for higher prices.<\/p>\n

\"\"<\/a><\/p>\n

Featured: Join Scott Redler's Plays for $99<\/strong><\/h3>\n

Get Scott's #1 idea each week.<\/p>\n

That's 52 weeks for just $99. (not a typo)<\/p>\n

Be on the list for the next idea:<\/p>\n

See why now's the right time to join.<\/a><\/strong><\/span><\/p>\n

Your Tip for This Week: Take Responsibility for Every Penny<\/b><\/p>\n

When you lose money, don\u2019t blame the Fed or an analyst or some guy on TV.<\/p>\n

After all, when you do earn a profit, you take the credit. Right?<\/p>\n

Take responsibility for every penny.<\/p>\n

You agreed to place the trade. You must own whatever comes next, whether it\u2019s win, lose, or draw.<\/p>\n

Traders that blame others for their actions don\u2019t last. Because when you always shift the blame, you stop improving.<\/p>\n

It\u2019s okay to lose sometimes. Use that an excuse to get better — not to pass the buck.<\/p>\n

This Week's Calendar<\/strong><\/p>\n

It's a busy week earnings-wise, with\u00a0NFLX<\/b>,\u00a0UNG<\/b>,\u00a0GS<\/b>,\u00a0BAC<\/b>,\u00a0C<\/b>\u00a0,\u00a0ASML<\/b>,\u00a0TSM<\/b>\u00a0and plenty of others hitting:<\/p>\n

\"\"<\/p>\n

P.S.<\/strong> Don't forget to check out Scott Redler's Power Plays!<\/a><\/strong><\/span><\/p>\n

*Scott Redler Positions Disclosure as of 2024-10-14 at 8.35.24\u202fAM<\/em><\/p>\n

\"\"<\/strong><\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Brought to You By Scott Redler’s Power Plays – Get My #1 Idea Every Week. The Soft Landing\/Goldilocks rally hit a new high of\u00a0SPX\u00a05822 on Friday. Bank earnings produced new highs in the\u00a0XLF\u00a0as\u00a0JPM\u00a0and\u00a0BLK\u00a0had big gains. Earnings season will create big moves in the weeks ahead, so know what you own and why. Tech did not lead the tape to new all-time highs, but the QQQ’s cleared its wedge last week to participate. We’ll see if it holds $489ish to clear $494.45 to work towards the $501-$503 area. Now let’s dig into some individual names, starting with the topic of today’s post: Bitcoin\u00a0is now a major focus in\u00a0Power Plays, with\u00a0IBIT\u00a0and\u00a0SQ\u00a0as recent ideas. Plus I personally hold those, as well as\u00a0MARA\u00a0calls and\u00a0CORZ\u00a0stock. Bitcoin could hit $100,000 to $150,000 in 3-6 months. It reminds me of\u00a0FXI, which took off after building a huge channel. But of course, let’s watch the price action and manage risk along the way. Nothing is a sure thing. XBI\u00a0had its first decent upside candle in a while on Friday. I added to my calls for December. It needs to hold $95, and we’ll see how it handles the $99.65 area. Then $103ish is the major. AVGO\u00a0is erratic at times but is one of the few semis near highs of the year. It looks good. It needs to hold $177. Perhaps this week it clears $186.42. U: Software got a bit better. This laggard looks okay for a tactical long. I did buy some calls. It needs to get and stay above $21ish to open the door for higher prices. Featured: Join Scott Redler’s Plays for $99 Get Scott’s #1 idea each week. That’s 52 weeks for just $99. (not a typo) Be on the list for the next idea: See why now’s the right time to join. Your Tip for This Week: Take Responsibility for Every Penny When you lose money, don\u2019t blame the Fed or an analyst or some guy on TV. After all, when you do earn a profit, you take the credit. Right? Take responsibility for every penny. You agreed to place the trade. You must own whatever comes next, whether it\u2019s win, lose, or draw. Traders that blame others for their actions don\u2019t last. Because when you always shift the blame, you stop improving. It\u2019s okay to lose sometimes. Use that an excuse to get better — not to pass the buck. This Week’s Calendar It’s a busy week earnings-wise, with\u00a0NFLX,\u00a0UNG,\u00a0GS,\u00a0BAC,\u00a0C\u00a0,\u00a0ASML,\u00a0TSM\u00a0and plenty of others hitting: P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-10-14 at 8.35.24\u202fAM    <\/p>\n","protected":false},"author":4,"featured_media":75075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[736],"tags":[],"class_list":["post-75834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-scott-redler-dog-bytes"],"_links":{"self":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/comments?post=75834"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75834\/revisions"}],"predecessor-version":[{"id":75839,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75834\/revisions\/75839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media\/75075"}],"wp:attachment":[{"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/media?parent=75834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}