If this stays down during next week, a weekly decline can trigger in 
BTCUSD, sending #Bitcoin down towards the 14k region, where the next weekly support level sits.
I'm short Bitcoin and Ethereum here, which works well as a hedge for my stocks portfolio, and might generate some uncorrelated returns as well. You can likely short both vs the dollar, but also take a look at the
ETHBTC chart I published, if that trend reverses there, as per the daily, there's nice room to fall in the ratio, which might be an attractive play as well.
I'm thinking we will see a continued decline in crypto, but equities might hold up better overall, although likely under pressure, and sideways as the best case scenario for $SPY.
Stay safe out there,
Cheers.
Ivan Labrie.
BTCUSD, sending #Bitcoin down towards the 14k region, where the next weekly support level sits.I'm short Bitcoin and Ethereum here, which works well as a hedge for my stocks portfolio, and might generate some uncorrelated returns as well. You can likely short both vs the dollar, but also take a look at the
ETHBTC chart I published, if that trend reverses there, as per the daily, there's nice room to fall in the ratio, which might be an attractive play as well.I'm thinking we will see a continued decline in crypto, but equities might hold up better overall, although likely under pressure, and sideways as the best case scenario for $SPY.
Stay safe out there,
Cheers.
Ivan Labrie.
Nota
I sold my 
BITI positions at the open today, was up 9% or so since I got in.Waiting on the sidelines, noticed 1h had flashed an uptrend earlier today so I got out, but looking forward to fading this rebound if a weekly signal confirms on close...
Might scoop some OTM puts soon.
Nota
Maybe the 2018 style '6k obvious bottom everyone thought was a bottom' repeat?...
Trade fechado manualmente
I am long $EHBTC, flat BTCUSD itself...I suspect it will be range bound until November... 
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Public, timestamped track record. Free month of the desk: ivanlabrie.netlify.app
Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.