Not Financial Advice!
Hi everyone. So many of you have reached out asking what I am doing at the current level in Bitcoin. I get it. The market has been volatile, Bitcoin has pulled back, and you are sitting on the sidelines wondering if you missed the move or if there is still an opportunity.
Let me walk you through exactly what I am looking at right now.
For me personally, I ADDED IBIT LEAPS when we were back when Bitcoin was $62,000. I bought the IBIT LEAPS for June 2028 and I rolled them forward to December 2028. I covered that roll in a previous Market Minute. It was roughly a 3.3% cost for that roll, which is well within my comfort zone. If you watched that Market Minute, you saw me walk through the IBIT LEAP structures in detail.
But some of you have not entered yet. You are trying to figure out when is a good time. Is it too late? I want to go through the technicals real quick and show you what I would be looking at right now if I am sitting on cash and I have not added Bitcoin.
This is a 12- hour IADSS chart. If you have taken my courses, you know I use a 4-hour IADSS chart for 90% of my income trade decisions. But for LEAPS and major entries, I step up to the 12- hour timeframe. I teach this in Course 202, where I explain that LEAPS are entered at very critical key market bottoms, not off of 4- hour charts. The 12-hour gives you the bigger picture.
On the chart below, you will see I have a downward trending channel. We have tested it multiple times and held the low multiple times. We are trying to break out.
So what are the three scenarios for entry?