Why did we take "take" some AMEX:BITX off the table??? For years this area has been tough, CRYPTOCAP:BTC , as seen on chart. Also, it's at the top part of downtrend. If #BTC sees some weakness & the STOCK doesn't get called away we keep the premium & life goes on. If it does, it's okay, we made an extra $1 compared to selling outright. #Bitcoin Pls see our...
#BTC was/is in a mild correction or consolidation phase. The RSI stayed above 50 which is VERY GOOD. Money flow remained in the overall scheme of things and still looks good. IMO this looks similar to #BTC during the 2018-20 setup phase. (Opened the chart to a weekly for a better view) But don't think we get a harsh dip like in mid 2020. #Bitcoin #crypto Pls see...
CRYPTOCAP:BTC is currently trading above the highs of last bull run. #BTC was here yesterday but it gave it back and rolled under. A lot of resistance in this area. How will it do today at close? Still in a downtrend but this is the best #bitcoin has looked when testing the upper part of the channel. Weekly it is looking great. ALMOST THERE!!! A little bit...
Was away and have not posted here in some time. Was away and had a few things neded to take care of. Please see profile for more info on that. Will consolidate everything we have said on #Bitcoin over last few days. CRYPTOCAP:BTC was worth a shot early this week or late last week. We bought overnight Sun - Mon. Mid 60's is likely around the corner. Don't see...
I don't think the CRYPTOCAP:BTC will stay below $70k for much longer, we have consolidated between 60k and 70k for 3 months. I bought shares and will hold into 2025.
I'm bullish on $BTC. I just bought AMEX:BITX March 2025 $20 call for $24. Will hold them into 2025.
The introduction of the first leveraged Bitcoin futures ETF, the Volatility Shares Trust - 2x Bitcoin Strategy ETF (BITX), marks an intriguing development in the cryptocurrency market! The idea of institutions employing this ETF as a strategic move to capitalize on their bearish view of Bitcoin is plausible. This ETF presents a new opportunity for institutions...
In my previous post I mentioned the approval of the first Bitcoin ETF, it was launched today Tuesday the 27th. I believe this marks the top, I have been short since the tip top of the 25th of June. See my previous posts to better understand my thought process and reasoning. Good luck.