BTC Update

Well, I got the pop I predicted Friday, flipped my BITO calls because MFI and RSI hit overbought.

There's a chance RSI goes further overbought with MFI divergence tomorrow, but I doubt it goes pumptarded like March because the volume isn't there (highlighted).

So BTC probably just whipsaws like the stock market, lol. After tomorrow, the next step is probably down.

Comment:

BTW, make sure you look at HSI if you're gonna trade Bitcoin, it's been tracking the Chinese market since the April peak. Last week was totally a CHinese selloff, and CHina bounced last night which gave cryptos a boost.

Comment:

China red today, so is shitcoin. Tomorrow is a different question though.... we'll see.

Any time I'm bearish on China, I'm shorting this and PDD or BABA.

Comment:

I'm actually feeling bullish for China and shitcoin for tomorrow, I think it does a A-B-C corrective type move, so one more leg up.

Might do a small position in calls EOD today, but not making the same mistake as Friday and yesterday.... I'll wait until the EOD to place the trade.

Trade active:

Probably too early but bought some calls, I've got crypto FOMO now, lol. 50 ATM weekly contracts with yesterday's profits. Might throw in today's profits this afternoon if it does the drop and pop like Friday.

Looks to me like an inverted H&S (or ABC correction), I'm bullish for China tonight as well.

Trade closed manually:

Well, you win some you lose some. Still made money on the trades from yesterday, only because I shorted a lot of BUD. Not gonna play shitcoin unless it's overbought or oversold, not gonna guess again.

Comment:

The big miss was that I expected China to pump. China went down last night.