MSTR GBTC BTC BWB
29k~32k range can represent a major support
Question:
Given macro and geopolitical conditions, would institutions snap-in at their entry range? Did they sold already?
if institutions already sold and don't want to re-buy at this range, we would go sub 28k.
I am sure inflation will stay longer, after this sudden deflationary event on assets,...
www.tradingview.com
The top panel below chart orange showing average change over 1 month +$3.60 which is also ~ the expected move based on Implied volatilty. That puts the SPY into peak profit area of this Broken Wing Butterfly spread. The break-even is another buck and a half (about) higher. Last week was a little down which sometimes makes more of a bounce...