mortonpeak

VIX is up, BTC is down, but here is trend bitcoin

Short
COINBASE:BTCUSD   Bitcoin
VIX is up today, which in our thesis means that BTC must slow down (VIX and BTC move asymptotically, long term). However, there is likely a few day's wait, going laterally util our friend pops up again, just look at the last week. BTC moving sideways is dangerous, intraday, but worth a few painful days' wait. Just to be clear, we are day traders in the space, and feel agony whenever we are in a trade for more than 16 hours in BTC.

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