Bitcoin / US Dollar Perpetual Inverse Swap ContractBitMEX
Description
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Still boring chop for almost half of month on daily timeframe.
ideas (if not trying to scalp this)?
Various volatility-based strategies look interesting here.
If you, like me, naturally expect big move here, like $1000 big, but have no idea in either direction you can try to long long straddle (Jul or Aug strikes).
Or if you think about another couple of weeks without movement - just short volatility with MOVE contracts on FTX (but be careful, use stops).
Hit the "LIKE" button and follow to support, thank you.
Information is just for educational purposes, never financial advice. Always do your own research.