Bought ETH 230/ 240 JULY 31 PUT in Deribit. A cost of 1.5 % of portifolio to protect 50% capital at this price.
I always keep 3% of my portifolio in Deribit for Options. Usually I buy PUT instead of selling them.
My strategy is to lock my portifolio at hgher levels every 15 to 30 days.
If drops, I use the PUT profit to buy more ETH at lower prices and I sell Call...
Ethereum is having a very good momentum of potential spike to the upside. Currently the price is testing the strong resistance which there was a heavy price action occurred in this area in the past. With current momentum of the potential spike to the upside of bitcoin which has a positive correlation with the Ethereum price, I do believe that if Bitcoin can have 1...
Ethereum is forming a bullish accumulation pattern above a key level.
The Pattern is called a bullish rectangle and we can be breaking out soon.
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