Bitcoin’s Monster Move and My AMD Earnings Play

by | Oct 29, 2024

“Final Hour” with me, Chris Pulver, is LIVE weekdays at 3 p.m. ET —
let’s talk all things trading!

With Bitcoin popping well above $70K today and the potential for a rally through year-end, this breakout could set a tone for broader crypto moves. If Bitcoin sustains momentum above $70,000, we may see a bull run that leads other major assets upward.

However, if Bitcoin stalls or shows signs of hesitation, we may stay in this accumulation phase, where prices consolidate rather than trend upward. What’s promising here is that even if Bitcoin consolidates in the near term, it’s showing resilience in the face of broader market conditions — and that could act as a signal for further gains.

Other coins like Ethereum are moving in tandem but haven’t shown the same strength. 

If Bitcoin’s breakout gathers steam, I’d expect Ethereum and other major players to follow, which could mean solid moves across various crypto assets before the year’s end. That said, patience is key, as crypto remains volatile, but this is one market worth watching closely.

Stay tuned!

My AMD Earnings Play

As earnings season progresses, I’m closely monitoring a ton of stocks, including Advanced Micro Devices (AMD), which reports after the close today…

I set up a bull call spread at the $160/$162.50 strikes for $1.15. By defining my risk, I can potentially benefit from an upside move if AMD meets or exceeds expectations, while keeping my downside exposure limited. 

I’m looking for AMD to build on recent positive momentum, but the spread ensures that my capital is protected if the report doesn’t deliver.

Each play here is geared toward capitalizing on big earnings moves while effectively managing risk. With broader market trends influencing large tech stocks, these setups let us benefit from volatility without fully committing to any single direction.

I’ll see you in the markets. 

Chris Pulver
Chris Pulver Trading

Follow along and join the conversation for real-time analysis, trade ideas, market insights and more!

*This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. 

LIVE AT 4 PM ET: $100 Challenge and a NEW Ticker 

Around six weeks ago my publisher, Nate Tucci, joined me on Zoom so I could walk him through a new daily trade setup…

That generated a nice little profit in just a few hours (even though the market had been struggling).

This gave me the idea to host a LIVE session at 4 p.m. ET TODAY for an initiative called the $100 Challenge. 

During today’s broadcast, I’ll reveal exactly how I’m targeting around 100 bucks or more from the stock market EVERY SINGLE DAY (starting with just $1,000)!

Plus reveal a NEW TICKER that looks like it’s about to run. 

Granted, I can’t promise future wins or protect against losses…

But this is a FREE call and this strategy could be a great option for folks with smaller accounts (or anyone who wants to target more consistent wins).

Join Today’s Call Here!

What to read next