Wednesday, 8 January 2025

Inverse Cramer and Bitcoin: A Lesson in Contrarian Thinking

Join me at 9:15 a.m. ET for “Morning Monster”
 
   
     
VIX Seasonality — Is It Time?
 
 
VIX is low.  Not dirt cheap for VIX calls but it is low and if we look at the past 20 years we are at the seasonal low for the start of the year! Let's take a look at the VIX seasonality chart.

Come join me as we dive in and see what’s moving!

Plus, as always, we have stocks popping and dropping so come find out what is moving this morning as I look for stocks and do some live premarket analysis on SPX, SPY, NDX, QQQ, Russell, IWM and other stocks that are potential plays for the day. 

 
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Inverse Cramer and Bitcoin: A Lesson in Contrarian Thinking
 
It’s no secret that Jim Cramer’s calls on CNBC have become a running joke in trading circles. The phenomenon of the "Inverse Cramer" has gained traction as traders increasingly notice how his recommendations often align with moves in the opposite direction. Case in point — his latest Bitcoin prediction.
 
 
Cramer recently claimed Bitcoin could drop to $90k, a bold call that sent some traders scrambling to reassess their positions. But what actually happened?

Bitcoin hit $103,000 before dipping slightly to $101,000 overnight.

This kind of misstep highlights what some say is the real function of Cramer’s commentary: creating liquidity for Wall Street insiders. 

When he says "sell," they’re often buying. When he says "buy," they’re unloading positions. 

The Inverse Cramer strategy essentially suggests doing the opposite of his recommendations — and with some remarkable success. But not quite Pelosi-level success…

 
 
This dynamic isn’t exclusive to Bitcoin. 

It speaks to a broader lesson about sentiment and market behavior. High-profile figures like Cramer often influence retail investors, but their calls can serve as a contrarian indicator for more seasoned vets. 

When everyone’s rushing to one side of the boat, it might be time to look at the other side.

As for Bitcoin itself, we’re still in the "danger zone." Despite the excitement surrounding recent moves, I’m not jumping for joy just yet. I’d prefer to see a daily close above $105,000 before I feel confident about a sustained rally — and we dipped $5k today to back to $96k. 

Until we see $105k, caution remains the name of the game.

Bitcoin isn’t alone in this precarious position. Ethereum (ETH) is showing a similar pattern, with an initial move down, a retrace, and the potential for another leg lower. 

If Bitcoin breaks below key support levels, I’m ready to liquidate leveraged positions and wait for better conditions to re-enter.

Crypto markets, much like the broader market, thrive on sentiment. But unlike the S&P 500 or Nasdaq, crypto never stops — it’s the wild west of trading, where volatility is constant, and narratives can shift in an instant. That’s part of the draw, but it’s also why caution is critical.

So, what’s the takeaway? 

Whether it’s Cramer’s calls or Bitcoin’s resistance zones, trading is about understanding the game within the game. Don’t get swept up in the noise, and always keep an eye on the broader picture. 

The "danger zone" isn’t just a technical level — it’s a mindset. Stay disciplined, keep your emotions in check, and be ready to adapt when the market proves you wrong.

And remember, when it comes to Cramer… sometimes doing the opposite is the best trade of all.


Today’s Daily Chart Setup: RGA (RGA)  
 
 
This idea came directly from my Daily Chart Setup that automatically signals potential plays. 
 
RGA is a new potential entry. Target: 238.55 Stop below: 200.07
 
RGA has a historical win rate of 80.0%
 
RGA has a profit factor of 1.786
 
RGA trades last 30 trading days on average over 30 trades since 1993.
 
This is for informational and educational purposes only. There is inherent risk in trading, so trade at your own risk. Always remember that past performance is not indicative of future results.

You can find full details on exactly how this works by scrolling down further in this newsletter. 

Now be sure to join me live at 9:15 a.m. ET for “Morning Monster,” my market-open livestream on YouTube!

 
 
‘Morning Monster’ Is Starting NOW!
I’m also live at 5 p.m. ET on Tuesdays for “30 Minutes of Awesome” — bring your ticker and I’ll analyze it in real time!

And be sure to hit that Subscribe button on my YouTube page!
_____________________________________________________
LIVE AT 11 AM ET: MY TOP PREDICTIONS FOR 2025!
 
 
Just a quick heads-up… 

I’ll be in the LIVE room at 11 a.m. ET today, Jan. 8, to reveal my top predictions for 2025.

You see, last year was a great year for the majority of assets… 

From the Trump wave causing a spike in Crypto... shooting Bitcoin to the $100k mark...

To different institutions piling in on gold and sparking a gold rush...

And the S&P 500 hitting 52 all-time highs last year, rising 23% total… 

So 2024 was an epic year for the markets across the board.

 
 
Now, here’s the thing…

Some of the assets that soared last year could easily continue their upward trend this year, too – which means we could be looking at a bigger bull run…

But most unprepared traders who don’t know what’s coming might be caught on the sidelines — and when that happens, it might be too late to take advantage of what’s in front of us. 

Now, I can’t guarantee wins or prevent losses but, I’ve picked out two assets that are poised to soar in 2025, and I’ve also prepared my top predictions on them.

So if you’d like to see how you can strap yourself up to take full advantage of these opportunities…

 
 
Grab Your Login Link Here and I’ll See You at 11 AM!
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How the Daily Chart Setup Works
 
 
Here’s a more detailed description of how the pattern triggers:
 
1. The price breaks upward through the orange Market Roadmap Line. 

2. Then the price goes up and down while staying above the line. Eventually, it comes down to touch the line again — this could take days, weeks or even months. 

3. Once it touches the line and starts moving back up, that signals an entry. 

I use Fibonacci levels for for profit targets and stop losses, and these two tools combined have helped me achieve a 77% win rate over the past six-plus years!

You can grab my Market Roadmap Indicator here for just $5 — less than a cup of coffee at most places!
Jeffry Turnmire
Jeffry Turnmire Trading

I host my “Morning Monster” livestream at 9:15 a.m. ET each weekday on YouTube, and then “30 Minutes of Awesome” at 5 p.m. ET each Tuesday!

Please check out my channel and hit that Subscribe button!

I’m just a regular dude in Knoxville, Tennessee: a husband, father, civil engineer, urban farmer, maker and trader.

I've been at this trading thing with real money for 20-plus years, and started paper trading over 35 years ago. I have a knack for making some epic predictions that just may very well come true. Why share them? Because I like helping other people — it's the Eagle Scout in me. 


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

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