About meThis is my own Diary, I dont post all my trades here, I dont have time!!
I dont care if you like it or not!!
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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...
I shorted 50% already in Margin at 230 area!! Stops SHort hedge above 237.51.
I believe if we closes down tomorrow, it can drop quite fast!! Either way, if goes above 237 I will start to profit again, Until 237 I will be loosing 50% of gains.
This is my Hedge. I think we are ready to lower prices before a new Pump!! But, I'm prepared for the 2 options, or even...
Working in this triangle right in the channel support. I hope we can hold here, during the night it pushed lower quickly but it was a Buy action in my view.
Still, we need to hold above 9200 to be in a healthy Up trend
Weekly chart.. If we drop below 9k I believe we can head 7200 area or lower. I hope not, but I'm prepared too.
If drops I will make cash shorting BTC and holding my ETH, ETH is my big Bet for long Run because DeFi industry behind it!!
This is my daily diary