Do you believe this is what happens after getting out of that channel, go btc, go? (image courtesy of Nik Bhatia on Twitter @timevalueofbtc)
A tweet away from some tariff bullshit and down to $80ks we go. Honestly, i think Bitcoin is in the process of topping out and even if it went above the highs, don't see some big follow-up coming. Does ETH have a chance of running if BTC stays stable? I don't know. Ethbtc keeps just dumping down like trash, but when it goes like that there can be a violent pump back up. To finish the cycle off the cartel could prop up altcoins(ETH, doge, ada...) very rapidly to generate the exit liquidity before everything goes to shit.
Come on guys...I gave you a road map and now you are trying to venture out on your own with these rudimentary methods??? Your "channel" was broken twice already and it meant nothing because "channels" don't exist. Unless this is a single correction (which I have NEVER seen from bitcoin) I will see you all at 69k in a few months.
Obviously I do not believe in your (b*ll)shit, waxy, because if I did, I would not be positioned to be as leveraged long as I currently am I have options that will expire in Dec 2025 and Jan 2026, Now, I suck at trading, especially charts and TA and stuff, so I'm not saying your w x y will not happen, but.... If you really have conviction and really really really believe in your (b*ll)shit, then you would have large positions in puts or some kind of shorts that will benefit from bitcoin hitting $69k/btc Please tell us you have such positions so we know that you really really really mean it when you say bitcoin will hit $69k/btc in the next few months
You only believe my upside forecasts then? lol. I literally nailed this rebound and now you are questioning the downside? Anyway we already discussed how a double correction would align perfectly with the 1 1/2 year post halvening rally. ftr I was looking at puts this morning....the May20 5 @.45 at the time. But if it finishes atm at expiry it will only be worth .35 so doesn't make sense. The puts are too expensive...if I go out to Sep they are 1.80..if MSTU is @$4 in mid July it is only worth 1.77. Now I could sell the $5 put but don't want to take on the margin right now....taxes.
You are using the wrong vehicle for puts, use the purest form ibit puts The Sept 52 puts on ibit at the money will be worth north of $18, currently selling for $6.5 A ~300% roi if you are correct within a few months time, you might even hit it sooner before expiration Unless you really don't believe your b*llsh*t $69k/btc within the next few months?
$6????!!! I look for under $1 and at least 3 months out if I go long. Ok IBIT Sep19 43 strike @ 2.71 if price meanders down to 43 near expiry it will be worth 1.73....if it reaches 45 by aug1 its worth about 2.63...41 by Sep it is worth 2.19....so even if btc hits 69k by sep19 expiry I am still losing on the trade!