Check Out The Two AMAZING Trades On SMCI & IBIT

Good morning, traders. It's Monday, February 10th at 5:27 a.m. So first off this morning, we have some economic news starting at 8:30, all dealing with CPI numbers. We can see this down here. There's the core CPI year over year and then month over month and this one down here as well. So having said that, the two stocks that I have for you today, one is SMCI, which we. Was a great call out the other day. I got some emails saying that one of our traders took that trade and did really well. I made a video of it, so check out our YouTube channel and see that. It's called Traders Sharing Trades. So let's have a look at SMCI over here on the daily. We can see here that there's been lots of prints. Look, 2 million, 1.5, 1.4, and these ones were back in November and December. This has been support here, and we've actually came down hammered increasing volume. So February 4th was a great day if you were looking at that for a longer-term swing. And so we've been moving up. We've got 5 green candles. This is really strong here, and we're continuing up pre-market. So on the higher timeframes, since we're looking at the daily, this 4021 is a big level, 1.2 million. 4113 is 1 million, and then 4630 is 2 million. So we can see where they've been. Adding to their position, and you can see back here these ones up top: two million, one and a half, one and a half, one and a half. These are all from October, but we can see back here where they consolidated, sold it off, tested it again, and we've made a higher low. So we're going to probably come back up here to the forty dollar level and then break above. So if we were to go short on this in a longer term, we would really have to get below this EMA here and below some of these prints around thirty three. And if we break down below 30 or 29.75, then we could have a rundown to the bottom. Let's look at the 5-minute for our day trade setup. So here we're bullish above 38. So here what we have pre-market already, that's kind of the high, pre-market high around 38. So we've got to get above that and our target's 38.49, 39. 39.25, 39.50, 40, 40.21, and 40.50. So we can see we have some nice pockets here, and this 40.21 here is a 1.2 million from December 3rd, and 41.13 is a 1.1 million, but it's also an R3. So our ATR on this is $2.42. So if we're at 37.50, we're looking at about $40 anyway. So R3 Really would be the end of the run, you would think. But like I always say, if we're staying above this four and the eight and it's continuing like that, then we stay in the trade. We'll have slight pullbacks. And so let's look at the downside. We're bearish below thirty-seven and a quarter. So if we get below this R one here, then we've got down to thirty-six seventy-six, thirty-six fifty-two, thirty-six zero-four. So we got to watch these ones here. This is like a step. ladder down if we were going to retrace because these would all be support levels. $35.86 and $35.56, and then it— here's a nice pocket from here all the way down to $34.83 if we get down there. So we were mapped out on both sides. See what happens. It looks strong, but either way, if it goes up, we'll take the trade. If it goes down, we'll take the trade. Next up is IBIT, the iShares Bitcoin Trust ETF. Now this one has massive, massive prints that are here, and we can see this consolidation in this wide range of consolidation from here from 53 all the way to 60. And we can see back in the day, even from December, January, and November, this has all been support here. And look at these print sizes: 6 million, 1.3, 2.5, 1 million. And so we've been consolidating here for a while, and people trading Bitcoin, I'm sure people have been flipping out. But you know, we're in that, we're in that crypto cycle. It looks like it probably will take off if this gets above this $60 level. Then I would think we'd be to the moon because we have all of these prints below us on that. So we do have some pockets to trade here. We've pulled back. We had big volume on Friday. Now we're retracing up off of these prints, 6 million and 1.3. So this is kind of holding us here. If we break below here, uh, the 53 level, it looks like on those prints, then we can move down. Okay, let's look at the smaller time frame, which is the 5-minute. Here we've got some pockets that we can trade. We're bullish above 56.25, which is this R1. So we need to get above this 56.23, and then our targets are 56.50, 56.87. So that's 7/8, 50, and that 7/8 is also a 1.5 million print from December 13th. So 57, 57.17, you can see what we're doing here. There's the pocket. 57.55 is another 1.2 million. And then right up here at the R2, $57.98, $59 is another $1.5 million. So we will be bullish above that. And I've put it all the way up if to $58.50, similar thing that I just mentioned. If we're above the 4 and the 8, we'll be bouncing here and pulling back. And if we go higher, then we've gotta run all the way up to $60.17. So just be wary of that. On the downside, we're bearish below 5520. So we've got to get below this pivot here, and then we've got some pockets down here. Now the downside is a little more difficult. It is spaced, but there's lots of prints here. There's this 6 million at 5478. So we're going to be bearish below 5520, target 55. The 5478 print, that 6 million, is going to be huge. 5450, 5422, 54, and 53.83 is a 2.5 million print. Now we've got all of this here and similar sort of thing if we bounce. If we don't hold 53.50, you've got another 50-cent pocket down here on the bottom. Okay, so those are your 2 trade setups. Please like and subscribe, leave some comments. I'm interested to hear how you guys are doing. With your trades, and it's great to get some feedback from some of our subscribers. All right, happy trading, and we'll see you after lunch to see how we did.