On a recent episode of TheStreet Roundtable , veteran trader Jon Najarian and technical analyst Sam Price of Crypto Lifers shared their insights into managing market turbulence and spotting long-term opportunities.
“If you can't handle [drawdowns] at all, then you need hedging. You need some protection,” Najarian said. “What I do… is I actually do buy puts or put spreads… I sell at-the-money calls when I think we’re a little pumped up.” He noted that most of the calls he sold between February and now “expired worthless,” showing how short-term options can be used to capture income without risking core Bitcoin holdings.
Price took a more technical route. “I bought the bottom for Bitcoin… I just bought an $84,000 Bitcoin live in front of the world two weeks ago,” he said, citing “a hidden bullish divergence on the weekly [chart] that comes once every four years.”
Comparing rare technical setups to spotting endangered wildlife, Price explained: “It’s like seeing a white owl and not taking a picture.” He said he uses long-term stochastic indicators and the fear and greed index to time his entries, layering into positions over several weeks and holding through cycles. “If you can get a four to five-week period… and you hold that for 18 months, there’s a good chance you’re going to ride that asset back into a premium.”
Najarian added that while he doesn’t dig as deep into charts as Price, he still relies on tools like the RSI and Bollinger Bands. “When we get to the upper end [of the Bollinger Band], I am betting… it is going to pull back… When we get to the lower end, I’m looking to buy.”
Both agreed that now is not the time to run from Bitcoin — but to get smart with strategy.
“Those bullish divergences… they’re there to be bought because you don’t get ‘em that often,” Najarian concluded.