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  • Elazar Advisors, LLC

BTC: Bullish, And Nobody Knows Why



Below is some of what we posted to subscribers Monday, January 9th in our post market update. Excluded from this post is the rest of our update (and of course our non-stop chat) which includes daily market calls, Fed calls, earnings calls, trading and medium term calls in large cap tech stocks like TSLA and AAPL and key macro tickers like TLT, GLD, BTC and USO. Click this and you can try a free trial to get the rest, if you want. No pressure.


Uh, BTC, my fav for 2023. Do you remember when I first followed BTC. I think it was teens or low-20s a few years ago and it raced to like 40s 50s fast. Then I got off and then bearish and it plummeted with slam-on-the-brakes-Fed.


Now I think reverse.


What's so nice about Bitcoin (BTC) is most of its investors don't really think about the Fed, but hello, the Fed is driving all these things. So I like having a call in BTC when the main thing is the Fed but the world isn't focused on the Fed when it comes to BTC.

I expect a big ol Fed flip. CPI, PCE, wages, housing data, you name it are all dropping hard and the Fed has run out of excuses.

I think probably the biggest beneficiary is BTC which trades wild both up and down. If we get a Fed flip I think wild up.


I've been calling out BITO above 10.6 is positive short term. Today though BTC's turn up tells me there's more follow through potential a little further out. As always, we take things step by step.


All investments have many risks and can lose principal in the short and long term. The information provided is for information purposes only and can be wrong. By reading this you agree, understand and accept that you take upon yourself all responsibility for all of your investment decisions and to do your own work and hold Elazar Advisors, LLC, and their related parties harmless. 'Model portfolio' trades are hypothetical to show direction, conviction and timing. If live trades are shown it is as an approximate snapshot at the time of publication and can change at any time in-between publications. Live Positioning section represents live trades and positions but excludes options hedges which can offset or change stated exposure levels. Elazar plans to but is not obligated to update changes in trades. Opinions given are at this moment and can change rapidly after this is published. If our calls are made public (outside the service) we may or may not update our opinions publicly. Elazar and its employees may take positions in the direction of the calls made in the service but also may add to or exit those positions at any time after this is published.

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