Today's trade is in a name that has the potential to really rip. Of course, the nature of this type of trade is that it has a lower probability of success.
But if we get it right, our potential gains will likely be exponentially higher than...
Bitcoin has hit our primary long-term target of the former all time highs near the upper 60,000s. So what now? Does the entire asset class cool-off? Or does money rotate from the extended names down into the assets only beginning to participate?
Bulls remain in full control of the crypto tape, with Bitcoin retesting all-time highs. But as journalists talk of all-time highs, we're remaining mindful that this is a logical place for Bitcoin to consolidate its gains. The question that remains is...