Wednesday, April 3, 2024

Two Big Movers Moving Even More…

huge gold and oil moves setting up
 
   
     
JEFFRY TURNMIRE’S MORNING MONSTER
Gold and Oil ready to move even MORE!?!
 
 
 

Gold continues its strength… Is oil ready to break out too? Google (GOOG) showed strength yesterday despite a weak market. Make sure to watch the bullish players as we start a rotation into new sectors!

Plus, tune in for live market analysis and hand-picked, highest-probability trade ideas!

 
 
Watch today’s Morning Monster Now!

P.S. Click here to subscribe to Jeffry’s YouTube channel completely FREE — and you’ll never miss another episode of Morning Monster again.

 
 
 
See All Those Arrows?

Every single one was an income opportunity…

All courtesy of a phenomenon Jeffry Turnmire likes to call “Income Pockets.

Nothing ever goes straight up — And that’s great, because all that up and down action creates TONS of income opportunities for savvy traders!


Register your spot to discover the Income Pockets strategy!

 
 
TURNMIRE TRADING NEWS MINUTE
What Is The Crypto Winter?
 

Bitcoin is down and people are talking.

Some are even asking if this is the crypto winter?

Let’s take a look at a chart of the past week, which admittedly isn’t pretty.

 
 

But zoom out to a chart of the past year and it’s just a normal part of Bitcoin’s volatility.

Hardly anything to worry about, especially when you have a long-term view of where Bitcoin is going.

 
 

So what is the crypto winter?

To understand crypto winter, we need to first understand what the Bitcoin halving is.

The Bitcoin halving is an event programmed into Bitcoin's code that cuts the rewards miners receive for processing transactions in half roughly every four years.

This event has a significant impact on Bitcoin's supply and demand, as it cuts in half the number of new Bitcoins entering circulation.

With less supply and constant or increasing demand, the price of Bitcoin could rise.

This has historically been the case. Following each halving (there have been three so far), Bitcoin has experienced significant price increases.

We call this period of time the “Post-Halving Rally.”


So What is Crypto Winter?

Crypto winter refers to a period of time after the Post-Halving Rally where  cryptocurrency prices drop.

Jeffry likes to define it more specifically as, “the period of time after the Post-Halving Rally where Bitcoin gives back 60-80% of the gains it made during the rally.”

 
 

Unlike the short-term dip we’ve seen over the past week, a crypto winter can last for months or even years.

This is important, because if you’re trading Bitcoin — or Bitcoin-related assets like Bitcoin miner stocks, Bitcoin ETFs or even other crypto currencies — you want to have a long term view, so you’re not caught up in the rally thinking Bitcoin only ever goes up.

This particular Bitcoin cycle is interesting because Jeffry believes the next crypto winter (sometime in 2026/2027) could bankrupt many Bitcoin miners, especially because many of them are carrying unsustainable amounts of debt.

One of his favorite ways to play Bitcoin is Marathon Digital Holdings (MARA). 

And he's said that he sees it as only 1 of 2 miners who are best positioned to survive the next crypto winter.


Trade Idea

Looking for a long term trade idea?

Jeffry’s often pointed to MARA Jan 2026 calls 1 to 2 strikes out of the money, which currently would be $20 or $22.

As for a sell order, Jeffry’s had a $100 price target on MARA for quite a while, though you may want to put in some orders to capture gains along the way just in case.

But remember, that’s a long term play. Jeffry has reminded us often that it could take several months after the halving (currently estimated for April 19th or 20th) for to really start hopping.

In the meantime, see all those little up and down movements you see on the Bitcoin chart?

He’s discovered a way to play those with a strategy that hasn’t lost since it launched. Click here for details.

— The Jeffry Turnmire Trading Team

 
 
TURNMIRE’S TOP TRADERS
10:1
 

James dropped in to Jeffry’s Discord channel to heap some praise on his Crypto Income strategy.

He calls it easy to follow and has laid claim to 10 wins and 1 loss since November.

Way to go, James! Thanks for the kind words.

 
 

— The Jeffry Turnmire Trading Team

 
 
 
 
   
 

No comments:

Post a Comment

Have You Ever…

No, seriously - I am curious. ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ...