Buying a MSTR puts with 1 - 2 months on them with strikes scatted from 1200 - 1000.
We've recently hit the 4.23 - which is a very common move for the end of an extreme extension.
Coupled with the various possible rug setups in crypto I fancy the odds of a big reaction here.
We've recently hit the 4.23 - which is a very common move for the end of an extreme extension.
Coupled with the various possible rug setups in crypto I fancy the odds of a big reaction here.
Note
Major decision area here. Stops trailed on entries from high to even. Would want out if there was a low made in this area. If we can break the pending support zone we're in I think we'll see a quick move down to 1150.
Note
As things stand this looks set to open quite close to the break target above. Will be proactive trailing stops and locking in profits if we open 10% down as implied by the out of hours trading.
Will remain short - but will lock in profits with trailing stops. 25% drop in a day on puts isn't to be sniffed at.
But this might just be the break.
Note
Retracement would end around here if we're in a strong bear trend. Note
Unspeakable things would happen to this MSTR chart if BTC made the breaks spoken of in this post: 
Note
COIN could make a similar move. 
Note
Shorting common in 
MSTR and replacing the puts I hit trailing stops on near the lows. Trade active
1090 next downside target if it works.Note
MSTR now 50% off the high. And this is when BTC is only just making the first break of 60K.
Sheer chaos to come in this if the BTC break develops further.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.
We may be inside of a crash event to 3000 in SPX.
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
Read the full case with backlog of historic analysis/forecasts here: holeyprofitnewsletter.substack.com/p/the-case-for-3000-in-spx
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.