Finally $btc finally broke out of a 2 month range
Good parts:
- clear levels, areas of values established
- lots of areas of confluence to work off of
Caution at:
- qtr vah (94.6) hold for longs
- any deep retracements -> look to trade rotations within qtrly value
What if it shoots?
-> look how price develops around the 365d vwap / daily 200ema (also confluent 100k round number bias)
Action plan
- would prefer weekly/biweekly calls to capture expansions if 94k holds
- 0dtes/short dated for rotational plays within qtrly value
1/ On How Short Life Is
A few years ago, I was walking around in a blizzard in SoHo (New York). It was late, midnight, and it was beautiful.
Some friends, about 15 blocks away, called: "come over?"
It was late, it was cold, was tired, thought "maybe not worth it" but then...
Last week's competition has ended and prizes have been sent!
🥇 0x54b9...2fbf takes home $500
🥈 0xa589...44c5 walks away with $200
🥉 0x745c...811e starts the week up $100
The 4th - 10th ranked each also received $50
A new week has started and another $1,150 is up for grabs.
Are you ready?
We've listened to your feedback!
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A very good approach on how to GET more $BTC while "bidding"
So this is in works with @QCPgroup
1. Sell puts on $BTC
-> They buy $BTC at 62K (bullish view)
-> Receive $BTC to DO so.
2. Get more $BTC as collateral
-> 24 $BTC (233 X 0.1075 BTC)
https://t.co/QN6jcWRZQM
🆎 Options
For the financially literate and think they understand the world of volatility, writing options could be for you.
Now imagine collecting those juicy premiums from the best fixed yield tokens known to man.
Thanks to @ThetanutsFi you can make it happen 😩
$ETH's God candle came out of nowhere.
And maybe a lot is already priced in.
So our duty as traders is to minimize the loss and maximize the trade.
Hence we look for good $ETH beta.
The real 🍌 for $ETH betas going $NUTS is coming and we cannot miss it.
$ETH beta trade.🧵