It's time to post the big-picture look at why this is the bottom & you should be buying bitcoin.
It's the same bottom breakdown I analyzed back in Dec '22 & you can see how that played out (see my pinned)
Don't screw this cycle up. Buy & walk away for 2 years. Come back happy.
@Dentale16u To be fair, left facing earbud and right facing earbud could have different values.
(6/4, 7/3, 8/2,9/1) or could of course be equals in 5/5 - so technically, we canβt know for sure.
#BTC Update π¨
Price is in limbo between support & resistance. If youβre not in a position --> wait.
A dip into low $80ks or mid $75ks would be a great buy zone. Not guaranteed, but keep cash ready just in case.
Things still look GREAT, big-picture. Keep stacking opportunities
@ISITrading2717 100%
I told you about the Diagonal Spread I used to run (weekly short Put, 90-120 long Put as insurance).
Days like today saw me scrambling to roll early out 10 days to try and buy time. Your 30-45 day method is way better and I'm truly loving it.
Just following up on this to close the thread out. All 10 contracts closed now for a net profit of $620 in just 18 days.
My Options posts haven't seemed too popular, so I'll just stick to posting big picture outlooks on BTC.
#IBIT#BTC
$IBIT 10 contracts @ 10/16 DTE
Thesis: Rej@ 49.5 down into 46β47, while holding firmly above 42
At expiry:
@ 49+, I get paid $50 for being wrong
@ 47, I collect $2.05k
Plan to take profit (approx $1,000+) if it hits 47 early
Educational purposes only - Do not blindly copy trade
@CryptoEvagrius Yeah, Iβve debated stopping all posts for sure. Even though I donβt get the hundreds or thousands of like (terrible) βtradersβ get, it makes it worth it to know Iβm helping do some good for guys like you. Thank you for the kind words man.