BTC and Market Update
I got puts on MARA with a strike price of $21.50, expiring next Friday.
only 800 bucks worth, but lets see what happens. As I have been consistently saying. I am not a big fan of how overbought we are, when it is fine if we drop a couple percent. On BTC kind of, but more so the indices and especially MARA.
I still think the fair value for MARA should be around 21-22.5. Not all the way up at $25.
I am not really trading on BTC dropping, but sitting at worst and MARA being overbought and pulling back a bit.
From a BTC standpoint, I would not short here.
only 800 bucks worth, but lets see what happens. As I have been consistently saying. I am not a big fan of how overbought we are, when it is fine if we drop a couple percent. On BTC kind of, but more so the indices and especially MARA.
I still think the fair value for MARA should be around 21-22.5. Not all the way up at $25.
I am not really trading on BTC dropping, but sitting at worst and MARA being overbought and pulling back a bit.
From a BTC standpoint, I would not short here.
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.