We’re going to take a shot on the short side and make the bet BTC completes this top and legs lower from here.
If it rolls over, this would be a textbook retest from below, and we should have a perfect entry.
Volatility is moving higher and we’re going to lean in the direction of the tactical trend.
We’re also leaning in the direction of everything else in crypto right now. It’s ugly out there. We’ve seen similar tops like this complete and break to the downside in recent weeks.
Precious metals are shaping up, and silver looks ready to play catch-up.
One good way to add some exposure here is through Pan American Silver $PAAS.
The stock has been carving out a nice base since last summer and is pushing toward the top of its range.
If silver moves, PAAS will move—and it should come with a lot more juice.
The setup is clean, our risk is well-defined, and the upside potential is solid. If we’re right about silver, PAAS will be one of the best ways to play it.
Here’s the play:
We’re buying the $PAAS 4/17 $27 calls for approximately $0.45-0.55 per contract....