Option Strategies: BTC& .SPX
Hello everyone! Today i want to share some option strategies with you!
1.
When $.SPX(.SPX)$ broke the 50 day moving average a week ago, every single technical trader on X was calling for a dip to the 200 day moving average which was around 5550. The problem with strictly just technical trading is you don't see the full picture.
The market moves on NEWS. It moves on economic data. Technicals are only 30% of trading. You need to see the full picture to make the most well informed decision. While everyone thought SPX would drop to 5550, I was buying calls. SPX is now back near 6000. SPX is about to break all time highs in the next few weeks and we will see a continuation towards 7000+. There will be many opportunities to grow your account this year.
The future looks bright 💯
2.
It's not a matter of IF but WHEN will #bitcoin move to $1M. We will see bitcoin be worth $1M+ in the next decade. SO many people have bashed Bitcoin over the past 5 years But it's still remains as one of the top performing assets classes in the history of the world. You can not create anymore bitcoin. There is no singular entity that can have complete control of it. It's built on a decentralized network that has minimal limitations compared to dealing with Fiat currency and banks.
My 1 year target is $200k
My 5 year target is $500k
My 10 year target is $1M.
Bitcoin is one of the best vehicles to fight inflation. They keep printing dollars and it's crushing everyone that is simply trying to play by the rules. If you keep your money in a savings account or collect your 7%/ year in the S&P500. You're barely fighting against the printing machine. You need to be more savvy and stay ahead of the curve. This debasement of the US dollar will only get worse.
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