{"id":75864,"date":"2024-10-21T08:58:40","date_gmt":"2024-10-21T12:58:40","guid":{"rendered":"https:\/\/blog.t3live.com\/?p=75864"},"modified":"2024-10-21T08:58:55","modified_gmt":"2024-10-21T12:58:55","slug":"scott-redler-bitcoin-is-beautiful","status":"publish","type":"post","link":"https:\/\/blog.t3live.com\/2024\/10\/21\/scott-redler-bitcoin-is-beautiful\/","title":{"rendered":"Bitcoin Is Beautiful"},"content":{"rendered":"

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

SPX<\/b>\u00a0futures are -18 as rates rise a little this morning. China's PBOC cut its 1- and 5-year loan prime rates by 25bps. Fed funds are pricing in 43bps of cuts in 2024, so it might only be one more this year.<\/p>\n

After six weeks of gains, some are a little worried as we get closer to the election. We'll see if 5840ish holds, but for things to change actively, a hard close below 5804ish needs to happen.<\/p>\n

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

Bitcoin<\/b>\u00a0is still a major focus in\u00a0Power Plays<\/b><\/a>. It woke up 10\/14 as it cleared $62k-ish. I bought MARA calls, CORZ, MSTR, and WULF to participate. We'll see if BTC can hold $66k-$67k to drive faster momentum. The weekly\/monthly charts look beautiful and point to new highs at $85k+.<\/p>\n

TSLA<\/b>\u00a0was sold on the Robotaxi Event. Six tight days like we just saw don't happen often. Expectations are very low for earnings this Wednesday. I bought small lotto calls for after the election. $217 is active support, then the key is $214. $224ish is gap resistance pivot.<\/p>\n

We did well with\u00a0NVDA<\/b>\u00a0calls last week and I rolled them up. Now we see if the $136 area holds to keep momentum here. $140.89 is important resistance. The action here today will be more important than Friday.<\/p>\n

LLY<\/b>\u00a0has a nice upper channel since July. I did nibble some $990 11\/1 calls for earnings in case it has a big beat and split. If it does a pre-earnings move, I'll create a spread.<\/p>\n

GLD<\/b>\u00a0opening at new historic highs, rewarding many on all time frames. It's $252+ to manage. I'd trim, not add today.<\/p>\n

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: Set Goals for the Future<\/strong><\/p>\n

It\u2019s important to have short-term plans.<\/p>\n

And netting gains as often as you can is key to success.<\/p>\n

But think about where you want to go long-term, whether you want to be a pro or not.<\/p>\n

Once you have some goals in place, you can step back and start to put a plan for success in place.<\/p>\n

Maybe you\u2019ll need more education, or to learn a new asset class like options.<\/p>\n

You may also need to develop more psychological resilience to deal with the day-to-day chaos.<\/p>\n

So set some goals for yourself, even ones that seem out of reach.<\/p>\n

You might surprise yourself.<\/p>\n

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

We have some big earnings reports this week from SAP<\/strong>, GE<\/strong>, TSLA<\/strong>, and others.<\/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 2024-10-21 at 7.50.22\u202fAM<\/em><\/p>\n

\"\"<\/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. SPX\u00a0futures are -18 as rates rise a little this morning. China’s PBOC cut its 1- and 5-year loan prime rates by 25bps. Fed funds are pricing in 43bps of cuts in 2024, so it might only be one more this year. After six weeks of gains, some are a little worried as we get closer to the election. We’ll see if 5840ish holds, but for things to change actively, a hard close below 5804ish needs to happen. Now let’s dig into some individual names, starting with the topic of today’s email: Bitcoin\u00a0is still a major focus in\u00a0Power Plays. It woke up 10\/14 as it cleared $62k-ish. I bought MARA calls, CORZ, MSTR, and WULF to participate. We’ll see if BTC can hold $66k-$67k to drive faster momentum. The weekly\/monthly charts look beautiful and point to new highs at $85k+. TSLA\u00a0was sold on the Robotaxi Event. Six tight days like we just saw don’t happen often. Expectations are very low for earnings this Wednesday. I bought small lotto calls for after the election. $217 is active support, then the key is $214. $224ish is gap resistance pivot. We did well with\u00a0NVDA\u00a0calls last week and I rolled them up. Now we see if the $136 area holds to keep momentum here. $140.89 is important resistance. The action here today will be more important than Friday. LLY\u00a0has a nice upper channel since July. I did nibble some $990 11\/1 calls for earnings in case it has a big beat and split. If it does a pre-earnings move, I’ll create a spread. GLD\u00a0opening at new historic highs, rewarding many on all time frames. It’s $252+ to manage. I’d trim, not add today. 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: Set Goals for the Future It\u2019s important to have short-term plans. And netting gains as often as you can is key to success. But think about where you want to go long-term, whether you want to be a pro or not. Once you have some goals in place, you can step back and start to put a plan for success in place. Maybe you\u2019ll need more education, or to learn a new asset class like options. You may also need to develop more psychological resilience to deal with the day-to-day chaos. So set some goals for yourself, even ones that seem out of reach. You might surprise yourself. This Week’s Calendar We have some big earnings reports this week from SAP, GE, TSLA, and others. P.S. Don’t forget to check out Scott Redler’s Power Plays! *Scott Redler Positions Disclosure as of 2024-10-21 at 7.50.22\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-75864","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\/75864","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=75864"}],"version-history":[{"count":3,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75864\/revisions"}],"predecessor-version":[{"id":75869,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/posts\/75864\/revisions\/75869"}],"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=75864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/categories?post=75864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.t3live.com\/wp-json\/wp\/v2\/tags?post=75864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}