BY LICIA LESLIE 

August 9, 2023 

Hi Shoppers,

Bitcoin (Ticker: BTCUSD) has been pretty quiet lately.

Up until yesterday when it rallied $1000.

Right off my support level which has held it for eight trading days:

It is quite possible that BTCUSD is ready to rally from here.

If it decides to test that recent high, that would take it back up to $31,500.

A great way to play a move in BTCUSD is in ProShares Bitcoin (Ticker: BITO).

Check out the chart, it’s on a breakout:

I think BITO can trade back up to at least $16.50.

Looking at the calls, I like the Aug25 expiration:

The 15.50 calls at $.50 are a nice play with 17 days until expiration.

Trade Review

Exxon Mobil (TIcker: XOM) did trade down below $105 for a New York minute, you had to be fast to get out down there.

It is still possible to trade $102. 

Shopify (TIcker: SHOP) has traded down another two bucks.

Watch for a possible change in trend candle.

Thanks for Reading … See You Next Tuesday,

Licia Leslie