Strong trend signal here indicating continuation, 1 day before a potential ETF approval announcement by the SEC...
Low risk entry if you're not in, provided the ETF is approved, that's the risk.
You could trade this in many ways, keep in mind minimum risk is 2.75% down from here if you use daily chart data.
Option premium might be elevated, so you could perhaps try a call spread with the short leg being 46k or 50k by Jan 14.
You could use the call short against a long futures position or just hodl spot and add a bit here, with a wider stop to invalidate the long term trend instead.
Many ways to skin the cat, message is simple though, good odds of strong immediate upside, with a tight stop where the signal is invalidated.
Best of luck!
Cheers,
Ivan Labrie.
Low risk entry if you're not in, provided the ETF is approved, that's the risk.
You could trade this in many ways, keep in mind minimum risk is 2.75% down from here if you use daily chart data.
Option premium might be elevated, so you could perhaps try a call spread with the short leg being 46k or 50k by Jan 14.
You could use the call short against a long futures position or just hodl spot and add a bit here, with a wider stop to invalidate the long term trend instead.
Many ways to skin the cat, message is simple though, good odds of strong immediate upside, with a tight stop where the signal is invalidated.
Best of luck!
Cheers,
Ivan Labrie.
Comment:
I've secured gains from margin long exposure already, but holding my spot portfolio (added to my BTC position from margin long proceeds)
Comment:
See my CME futures chart as well, the signal there suggested a larger target is possible (2 to 3 target ranges stacked together, an explosion pattern signal, one of the strongest types of T@M trends).
See my CME futures chart as well, the signal there suggested a larger target is possible (2 to 3 target ranges stacked together, an explosion pattern signal, one of the strongest types of T@M trends).
Trade closed: target reached:
23 hours ago: "
Comment:
I've secured gains from margin long exposure already, but holding my spot portfolio (added to my BTC position from margin long proceeds)"
It seems leveraged longs were wiped out due to some report by a guy who missed out on buying crypto at 28-36k so he expressed his wishes of it returning there, saying the ETF will get rejected.
It's just a theory based on his wishes for market direction cause he screwed up and didn't buy...total bs.
Made a new post explaining the long term variables at play here:
Comment:
I've secured gains from margin long exposure already, but holding my spot portfolio (added to my BTC position from margin long proceeds)"
It seems leveraged longs were wiped out due to some report by a guy who missed out on buying crypto at 28-36k so he expressed his wishes of it returning there, saying the ETF will get rejected.
It's just a theory based on his wishes for market direction cause he screwed up and didn't buy...total bs.
Made a new post explaining the long term variables at play here:
