Cryptos and small caps pulled back, Europe and China were red this morning. ES and NQ are still overbought though with no pullback.
Could very well be a melt up, still short on shitcoin through BITO puts. Nothing else, don't feel much like trading this week. Made decent money last week despite closing early on Friday, seems every time I make money I give it back to the market, lol. Might be easier to wait until MFI indicator goes oversold again and snag the next pump.
Bearish on crypto because it looks like Asia and Europe are throwing in the towel, garbage trades 24 hours and the Asians own a lot of crypto. 3hr indicators are oversold though, not sure I'd recommend opening a new short position.
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LOL shitcoin. Exited and probably gonna re-enter into puts EOD.
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Looks like the SEC is going after Binance now. Figured there had to be "news", lol.
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I'm just goofing around this week I guess, lol. Got back into ATM BITO puts, will double up EOD.
Still more or less a beer money bet, though more beer money than I started with, lol.
Wish the SEC sued Binance two weeks ago when I had some BITO puts. Can never count on government entities to do things right (SMH).
I think I'm done with crypto for a while. Seems like it never moves except on black swan events. Too sketchy trying to trade it on its technicals. It doesn't follow them more than half the time it seems.
I think I'm done with crypto for a while. Seems like it never moves except on black swan events. Too sketchy trying to trade it on its technicals. It doesn't follow them more than half the time it seems.