Long BITO Call Option - Dec/31 at $40
Bitcoin looked like it was going to tank and didn't.
As crypto basically trades off of successful and failed chart patterns (no fundamentals - sentiment driven given infancy of the industry) - a failed breakdown usually leads to another strong leg higher in the coming weeks.
As crypto basically trades off of successful and failed chart patterns (no fundamentals - sentiment driven given infancy of the industry) - a failed breakdown usually leads to another strong leg higher in the coming weeks.
Note
US equity markets also look like it was a failed breakdown as well - which is bullish for risk assets,
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.