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Crypto Trader, Invest in protocols that will change the world and give them enough time to do their thing.

[Jim woods @WoodsStrategist]

TRADE PLAN for Aug 24th 🔥

Big week upcoming with $NVDA earnings/ Core PCE on Wednesday and Warsh/Jackson Hole on Friday. We're still seeing lots of weakness in Chip/AI/Memory stocks. Until we see these start to lead the market, we can continue to see the Nasdaq/$QQQ and $SPX trend lower. $SPX needs back baove 7700 to consider calls.

$BTC watch 80k this week if it gets through we can see 84-86k next and $MSTR can run to 135-140. Calls can work above 120 for $MSTR this week.

$QQQ down almost 5 premarket, there's a gap fill near 701 lets see if it dips there before a bottom forms. Good luck today everyone!! 🫡

[Jim woods @WoodsStrategist]

$SPX TRADE PLAN 📈 📉

SPX bullish plan: SPX above 7700 | SPX Aug 25 7750C 📈 T: 7759, 7800 SL 7661
SPX bearish plan: SPX under 7620 | SPX Aug 25 7550P 📉 T: 7578, 7550 SL 7661

SPX dropped 150 points from last week's highs.

SPX almost dropped to the previous all-time high near 7620 this past week.

If SPX can start to carve out some higher lows above 7660 this week and reclaim 7700 we can see a push back to 7800 again.

Fed Chair Warsh is speaking at Jackson Hole on Friday.

This can be the big catalyst for the week.

[Jim woods @WoodsStrategist]

$BTC Needs to go up 73% from here to make new ATH's.

$MSTR Needs to go up 382% from here to make new ATH's.

$ETH Needs to go up 115% from here to make new ATH's.

$BMNR Needs to go up 663% from here to make new ATH's.

[Jim woods @WoodsStrategist]

TRADE PLAN for LOTTO Friday 📈

Tomorrow is OPEX. Expect to see more volatility tomorrow. SPX failed at the 7700 level and dropped 50+ points today. SPX can test the previous ATH at 7620 next. If this levels fails another 70 pt drop possible. QQQ needs to get back above 715 to test 722 next.

$MU lots of relative strength today. MU to 1000 in play tomorrow if memory stocks can rally.
MU Aug 21 990C can work above 970

$MRVL winding up for a move to 300 next. IF MRVL can get through 250, I'd consider the Aug 21 255C.

QQQ 700-707 is the buy range for a swing long to 726-728 again. IF you see a dip here I'd start loading up calls as well. SPX near 7620 is also a potential buy zone too.

Good luck tmrw everyone!! 🫡

[Jim woods @WoodsStrategist]

This chart actually has me so bullish right now for $GME

Yeah I know w are in the VWAP window
Yeah I know the price needs to be held here for most shares issued.

But that divergence though…
🥵

[Jim woods @WoodsStrategist]

$GME IV steadily (rapidly) climbing

[Jim woods @WoodsStrategist]

#Solana Volume gap up to $120.

$SOLUSD

[Jim woods @WoodsStrategist]

LONG-TERM YIELDS END WILD WEEK NEAR DECADE HIGHS

Long-term bond yields remain near multi-year highs despite U.S. Treasury efforts to calm markets.

The 30-year Treasury yield eased to around 5.23% Friday after hitting a nearly 20-year closing high of 5.311% Monday.

Treasury plans to double long-term bond buybacks to at least $4 billion per operation, but the relief proved temporary.

Investor concerns remain focused on soaring U.S. debt, which has now surpassed $40 trillion.

[Jim woods @WoodsStrategist]

$MSTR making quite the comeback for us. $BMNR is trying but I do have $25 covered calls marking against us at the moment. AND THAT IS OK 👌. The $MSTR ladder 🪜 is also marking against us and that is ok 👌 too. Just means the shares and short puts are printing as well :)) Stick around. I just might Manufacture The Win 🥇!

[Jim woods @WoodsStrategist]

TRADE PLAN for LOTTO Friday 📈

$SPX will open up near 7680, if it gets back through 7700 and holds.. all time highs back in play, Wait for 7700 to start looking at calls. $QQQ is gapping up 5+ premarket, IF QQQ can defend 712 today we can see 720 by Monday. Today is OPEX so expect some volatility. Calls can work above 715 for today.

$MU winding up for 1000 test, MU through 1000 can test the 1036 level from Monday. IF MU closes through 1036 this month.. 1100 comes fast. Calls can work above 980 today

$BTC another big breakout.. almost touched 80k.. BTC back to 100k in play this year. $MSTR Touched 127 premarket, lets see if the dip gets bought up near 120. Calls can work above 120 today.

Good luck everyone!! 🫡

[Jim woods @WoodsStrategist]

Bitcoin $BTC just erased the last 3 months of pain for the Bitcoin bulls in 3 trading sessions

[Jim woods @WoodsStrategist]

$SPY Price is trading above 1H 20 ema so I won’t try to short unless we a get a close below but i won’t long here either as I said yesterday.

Opex day can have some weird moves so be prepared and don’t throw big money on trades today. A lot of stops will be taken out on both sides.

[Jim woods @WoodsStrategist]

$SPY Closed below. I’ll take a small shot short here. Stop loss is simple, a close back above. Opex day can produce false signals.

[Jim woods @WoodsStrategist]

$BTC all about 80k ,if it gets through COIN can run another 50 points, $MSTR to 150 in play

$QQQ dip bought up today so far, needs to get back to 715 to run to 719,722 $SPX not at 7700 yet wait for this level ,it will be an easier trade above 7700

[Jim woods @WoodsStrategist]

You clicked buy…

But sold because you thought “It’s going down.”

Then watched it go up and bought again.

Close the charts and touch grass instead dude.

[Jim woods @WoodsStrategist]

I feel like right about now is when we are going to start seeing some crazy ass headlines, and continuing through the US midterms

[Jim woods @WoodsStrategist]

Trading will make you rich.

Trading will retire your parents.

Trading will give your family everything they deserve.

Trading will give you the freedom you’ve been building toward.

Keep repeating these words until it happens.

[Jim woods @WoodsStrategist]

No stop loss = eventual blow up.
It doesn’t matter how good your setup is. One uncontrolled loser can wipe out weeks (or months) of gains.
Always know your invalidation level before you enter. Protect the capital first. Everything else is secondary.

$SPY $SPX $QQQ

[Jim woods @WoodsStrategist]

NASDAQ GAMEPLAN FOR NEXT WEEK: 📈

After 6 straight red days on the Nasdaq, I’m starting to get VERY interested in the long side.

But next week is LOADED with catalysts.

Wednesday is the big one.

Core PCE + NVDA earnings on the SAME DAY.

Core PCE is one of the Fed’s preferred measures of inflation. If inflation comes in cooler than expected, yields could finally cool off and give tech some relief.

Then after the close, we get NVDA earnings.

This is probably the most important earnings report for the entire AI trade.

I’m watching NVDA, MU, SNDK and the entire semiconductor sector closely. If NVDA delivers and chips start showing strength again, that could be the catalyst that finally wakes the Nasdaq back up.

Then Friday we get Jackson Hole.

The market will be listening closely for ANY clues on inflation, rates and where Fed policy goes from here.

So my gameplan is SIMPLE:

I’m not forcing anything Monday or Tuesday.

We’ve already had a lot of selling.

I want to see the bottom FORM.

If PCE is favorable, NVDA delivers, yields cool off and Jackson Hole doesn’t throw another curveball at the market…

We could have the ingredients for a VERY strong Nasdaq bounce.

But I’m not going to predict it.

I’m going to wait for the market to confirm it.

Patience first. Execution second. Then I get aggressive.

Next week is going to be BIG. 👀

[Jim woods @WoodsStrategist]

$MU Trade Idea: Aug 28 1050C

Trigger: 1000 ✅
Targets: 1050, 1075 🎯
Stop: 950 🛑

MU consolidated most of the week above 900 after running to 1036.

If MU can reclaim 1000 and form a new base above this level we'll see a run to 1100-1168 in September.

Calls can work above 1000 but we need to see some news/catalyst to see a sustained run.