Shorting btc with BITI

Discussion in 'Crypto Assets' started by KCalhoun, Feb 21, 2023.

  1. KCalhoun

    KCalhoun

    Not a recommendation, but I'm shorting btc here by going long inverse biti if it gets >26.1


    https://www.cnbc.com/quotes/BITI


    setup swing trade
    Long biti 26.1
    Stop 25.8
    Target 29
    Time frame 2 weeks
     
    johnarb likes this.
  2. themickey

    themickey

    I just went long today!
     
    semperfrosty and johnarb like this.
  3. KCalhoun

    KCalhoun

    we'll see how it works out; HAMMER 3 days ago

    biti21feb.jpg
     
    semperfrosty likes this.
  4. nitrene

    nitrene

    I bought the March 15 puts on BITO -- its about a 10:1 leverage currently. Of course I also bought SARK & FNGD.

    I like to follow BTC since it seems to lead all speculative assets. I rarely see BTC & ARKK/FANG stocks diverge. It makes sense since BTC is like the negative infinty P/E stocks that don't make any money in the short term.
     
  5. KCalhoun

    KCalhoun

    boom, gap+ to 26.4 here, will scale > 26.8