It’s Tim Sykes here.
In this 2024 market, we’re seeing MASSIVE short squeezes every month.
- In September: WHLR spiked 1,100%*.
- In October: DRUG spiked 3,000%*.
And November’s biggest squeeze just started to spike …
Remember to keep this stock on your watchlist this week! The price spiked 570%* yesterday, November 12, and the intraday price action the rest of the week could show us more opportunities to profit.
We’ve seen these squeeze-plays spike for multiple days!
I already traded the price action from yesterday … Take a look at my trade notes below:
I make trades like this all the time!
The goal is to take the meat of the move. Then I wait for the next stock to match my trade pattern.
I take calculated profits, that’s the name of the game.
And in this blog post, I’ll show you my exact position on this week’s biggest short squeeze.
Burn this pattern into your brain and keep watching this stock … There will be another chance to trade in the next few days.
Table of Contents
BTC Digital Ltd. (NASDAQ: BTCT)
This stock is spiking alongside Bitcoin …
Crypto assets are pushing higher due to the election results.
BTCT isn’t the only Bitcoin-related stock that I’m watching. But it definitely gave us the biggest spike!
When in doubt, focus on the most volatile stock first. It gives us the most room for error.
For example, BTCT spiked 570%* yesterday. I profited 5% from the run.
We’re not trying to catch the whole move! That’s how gamblers blow up their accounts.
Trust the process. Follow my trade patterns. And bounce from one hot stock to the next. That’s how my students and I are profiting right now.
That’s right, I wasn’t the only one to trade BTCT … Take a look at my post on X below:
Please join me in congratulating @Jackaroo_Trades on making $54,000+ today on $BTCT $DXYZ which is more than the $30k-$40k/day he’s been averaging…retweet this if you want to see the interview I did with him yesterday where he explains what’s working best in this hot market! pic.twitter.com/rV72iaRfLH
— Timothy Sykes (@timothysykes) November 12, 2024
My millionaire students and I, we all use the exact-same trading patterns.
Volatile stocks like to follow these patterns because people are predictable during times of high stress.
It’s not rocket science, but it does take experience!
And since new traders don’t know what they don’t know … I created the 10-Day Bootcamp!
My newest students can join the Bootcamp with 0 experience. And on day 10, they’re ready to make a trade!
>> Start Your 10-Day Journey To Become A Professional Trader <<
Now, let’s take a look at my trade patterns in action.
Study my trades on BTCT!
It will help you gain experience.
Transparent Trades
I’ve already traded BTCT three times since the Bitcoin breakout.
Bitcoin was showing us bullish volatility directly after the election, but the volatility didn’t spill into the stock market until the immense breakout during the last few days.
Take a look at the Bitcoin chart below, every candle represents three trading days. These are all-time highs:
I was up during premarket on November 12 and saw that BTCT, a crypto play, was spiking.
My first trade was a loss.
But remember that losses are part of the strategy.
Nothing is a 100% guarantee in the market. Sometimes these plays will fail. Luckily, our trade patterns show us when to get out.
I took the loss during premarket and waited for my next opportunity. I didn’t get discouraged! I focused on the process …
Here are my three trades on BTCT yesterday:
I pulled a net profit of $75, LOL.
It might not look like much, but when we consider that 90% of traders lose money … And most of the BTCT spike was short sellers blowing up … My $75 profit puts me ahead of the pack!
Plus, as I already mentioned, there will be more opportunities to profit from this price action. I’m not done with BTCT!
Take a look at my trades overlaid on the charts below. Study this price action!
Trade #1:
On my first trade, I bought shares after the chart broke past key resistance at $4.75.
My goal was to sell into another surge upward. Unfortunately, the stock had other plans.
It broke below support at $4.75, I added shares to get my average down in case it surged upward, but after it cracked lower again I sold for a loss.
On the chart below, every candle represents one trading minute. I also drew a resistance line at $4.75 to show the level that I was working with:
On to the next …
Trade #2:
I was still watching this stock during premarket, but it didn’t break out.
Instead, I played a classic dip-buy pattern. I waited until the chart showed a significant spike. In this case, it ran back to $5. Then I watched as the price sank and started consolidating above $4.50.
That’s when I bought shares, and rode the bounce.
Take a look:
Thus far, you’ve seen two different kinds of setups …
- A break-out trade that failed
- A dip-buy trade that worked decently.
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Trade #3:
This is another dip-buy example.
Notice how I didn’t trade the intraday spike to $17.
It was tempting, but my break-out trade from earlier failed, so I decided I would stick to dip buying this runner.
After the run to $17, the price fell lower and started consolidating, similar to my trade during premarket.
I bought some shares in the consolidation, and then sold them into the momentary bounce.
Take a look:
You don’t have to swing for the fences!
- Control your losses.
- Control your profits.
When a trader throws caution to the wind, that’s when things start to fall apart.
And get ready for the next opportunity on BTCT this week.
Cheers.
*Past performance does not indicate future results
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