Bitcoin Misses $100,000 Price
Dear Traders,
This morning, Super Micro Computer was in the spotlight with its 15% pre-market gap up. Lately, SMCI has been offering some amazing opportunities, and today was no different.
Over the past week, the stock has surged nearly 80%, bouncing back from challenges tied to accounting issues. SMCI’s turnaround story continues to unfold, and today’s action demonstrated why it has become a key focus for traders looking to capitalize on momentum.
In the chatroom, Paras was quick to recognize the potential in SMCI, calling out a long trade as the stock gained momentum. By walking members through the setup in real time, Paras gave traders the confidence to jump in and capitalize on the breakout.
See Paras trades below:
Paras is known for his skill in reading the market as it happens. His trade on SMCI today showed his strategy in action—using technical analysis and reading the tape to spot momentum and make confident trades. By focusing on important price levels and watching buying and selling activity, Paras consistently finds great setups, just like the one this morning.
If you’re looking to learn how Paras approaches the market, now is the perfect time. His course, Reading the Tape: A Game-Changing Edge, is available on Trading Terminal at 50% off as part of our Black Friday sale.
This course dives deep into the techniques Paras uses daily, covering:
How to read the tape for momentum and reversals
Identifying key levels and tracking market participants
Practical strategies for day traders to gain a competitive edge
Plus, all courses on Trading Terminal Academy are currently 50% off, so it’s a great opportunity to expand your trading knowledge.
Tesla (TSLA) recently hit a new 52-week high, reaching $358.64 and continuing to be one of the most dynamic stocks in the market. Its consistent volatility and strong price trends make it a favorite for swing traders looking to capitalize on multi-day or multi-week moves.
If you’re interested in learning how to swing trade TSLA effectively, Pier’s course, Mastering Day Trading: The Ultimate Guide to Success in the Markets, is the good place to start. Pier has a dedicated segment in his course where he breaks down swing trading techniques and shares how he recently capitalized on a profitable TSLA swing trade.
While TSLA continues to climb, Bitcoin (BTC) remains in the spotlight as it edges closer to the highly anticipated $100,000 milestone. Despite reaching highs of $97,550 recently, BTC has yet to break through this key psychological level.
Analysts believe the surge in Bitcoin’s price is fueled by increased institutional adoption and growing regulatory clarity. However, the road to $100,000 may not be straightforward. Some experts warn of potential resistance at this level, with the possibility of short-term pullbacks before a decisive breakout.
For traders, Bitcoin’s current movement offers plenty of volatility and opportunity—but it’s also a reminder of the importance of strategy and risk management when navigating such unpredictable markets.
This week is lighter on economic events due to Thanksgiving, but midweek could still bring some market movement. On Tuesday, we’ll see the S&P Case-Shiller home price index, consumer confidence, and new home sales, along with the Fed’s November FOMC meeting minutes.
On Wednesday, key releases include initial jobless claims, durable goods orders, GDP revision, Chicago PMI, and the PCE index with personal income and spending data. Markets will be closed Thursday for Thanksgiving, with an early close on Friday.
Check out our Trading Terminal calendar to stay updated on all these events.
Let’s stay sharp for midweek opportunities and enjoy the holiday.
To your success,
Andrew
