Good evening, my guys.
I've been pretty AFK lately, as you may or may not have noticed.
I've been focusing on the little man and enjoying life (market downturns have their benefits too).
I won't get this time back. It's a true luxury being home every day, seeing him grow…the greatest wealth I've ever obtained.
I posted awhile back about us breaking $100k
Genuinely thought it was one of our best bets with structure of driving factors.
Now we saw acceleration down, but we’re stabilising.
$100k seems like a hard huddle to crack, but remember same rhetoric at $60k.
Just bet when thinks don’t accelerate when they should and vice versa?
@BTC_King_Kong I closed early like$85k long from $83.7k or so
Will trail my stop. Probably an uphill battle but short term range
Hope you and the wife are good
GM!
A pretty hectic start to the year for me; working on the largest deal I've worked on. Apologies for the lack of posts.
Seems to me the next big swing depends on a headline, and with Trump having far bigger things on his bruised hands than crypto, we're a bit in limbo once again.
$100k seems once again like a hurdle we'll struggle to muster in the short term.
Players taking advantage of it last week and starting to sell vol. Spot buys having less of a driving force and once again upside pinned in the short term.
Don't try to make life-changing money at the moment. Take it easy, read up, and sharpen your tools.
You'll drive yourself crazy staring at the ticks.
Collect yield and stack Sats.
Markets look pretty much range bound to me and not anticipating anything dramatic either way now as we close out this year.
We've saw 3-month basis fall on major exchanges meaning traders are no longer paying to be synthetically long. A sign of de-leveraging which we've saw in OI dropping. Deribit leading the way I would say is a positive.
With the vol selling that we've witnessed, and lack of OI, a purposeful short squeeze seems somewhat unlikely, without macro factor (gets easier after end of this week)
That being said, it's somewhat a good position if you're bullish to buy as market's under positioned and likelihood of substantial drawdown sub $80k is lower.
Skews infer that could be plausible trade of build position and buy puts to hedge with steeper IVs witnessed on the left wing.
Range bound and farming yield at the moment
Starting to plan for next year, after expiries, hopefully some volatility, take advantage of it, plan ahead.
Markets probably bump in January with relief on shutdown. New year, people maybe wanting to revolve issues?
Anyways, hope we all have a great festive period
Merry Christmas from mine to yours when it comes.
A year of ups and downs but another one in the books.
Legitimacy gains. The best is yet to come
Love, BTH
Range bound and farming yield at the moment
Starting to plan for next year, after expiries, hopefully some volatility, take advantage of it, plan ahead.
Markets probably bump in January with relief on shutdown. New year, people maybe wanting to revolve issues?
Anyways, hope we all have a great festive period
Markets look pretty much range bound to me and not anticipating anything dramatic either way now as we close out this year.
We've saw 3-month basis fall on major exchanges meaning traders are no longer paying to be synthetically long. A sign of de-leveraging which we've saw in OI dropping. Deribit leading the way I would say is a positive.
With the vol selling that we've witnessed, and lack of OI, a purposeful short squeeze seems somewhat unlikely, without macro factor (gets easier after end of this week)
That being said, it's somewhat a good position if you're bullish to buy as market's under positioned and likelihood of substantial drawdown sub $80k is lower.
Skews infer that could be plausible trade of build position and buy puts to hedge with steeper IVs witnessed on the left wing.
Whether you like to admit it, $BTC isn’t in Kansas anymore and with the institutional adoption, comes bigger fish
Someone who I recommend following is my guy @ThalexGlobal
Launching products and giving sharp analysis on the daily.
91.3k reached.
The expected move, a day ahead of target.
The collective predictive power of options market makers is available in the straddle price 24/7. You can express this volatility forecast as two simple break-even lines on a chart.
Trading the straddle = Trading the move.
Markets look pretty much range bound to me and not anticipating anything dramatic either way now as we close out this year.
We've saw 3-month basis fall on major exchanges meaning traders are no longer paying to be synthetically long. A sign of de-leveraging which we've saw in OI dropping. Deribit leading the way I would say is a positive.
With the vol selling that we've witnessed, and lack of OI, a purposeful short squeeze seems somewhat unlikely, without macro factor (gets easier after end of this week)
That being said, it's somewhat a good position if you're bullish to buy as market's under positioned and likelihood of substantial drawdown sub $80k is lower.
Skews infer that could be plausible trade of build position and buy puts to hedge with steeper IVs witnessed on the left wing.
GM!
I can remember far worse conditions than we have currently but currently less active in the books than I’ve been in some time.
Took some time away after the nukes a month or so ago and tried to get long a few times with no avail since
If you get on the wrong train / side of the market, getting off early is always cheaper than staying on until the end
Time to lock in for what’s left of the year. These Christmas presents aren’t going to buy themselves