BITCOIN

q6543

Well-Known Member
Established Member
Joined
Jun 22, 2014
Messages
1,970
Location
midwest
Screenshot_20210622-102654_thinkorswim.jpg
got contract SUB 29k this am... up nicely into Powells testimony.
 

q6543

Well-Known Member
Established Member
Joined
Jun 22, 2014
Messages
1,970
Location
midwest
I drew a megaphone pattern on the daily and sniped it during the morning sell-off.

Sidenote I was looking through contracts out through September EXPIRY and there is SLIGHT positive contago rolling into forward months now. So that's a little bullish... also put/calls blocking this in to the 28k low to 42k high for September range.

Basically market is looking to establish a Big channel.. than maybe we get some clarity on the macro pattern.

Really need to see GBTC un-invert premiums... so BTC can have it's biggest buyer back.
That happens and I'll go in hard.

Good luck all!!
 

jvandy50

Well-Known Member
Established Member
Premium Member
Joined
Sep 22, 2015
Messages
2,268
Location
AR
Appreciate the insight, still learning and trying to soak up as much as possible. Awesome move!
 

q6543

Well-Known Member
Established Member
Joined
Jun 22, 2014
Messages
1,970
Location
midwest
Once again...We get hot inflation numbers and the dollar screams higher.

Gonna need a new narrative on BTC... cause it's clearly not an inflation hedge
 

q6543

Well-Known Member
Established Member
Joined
Jun 22, 2014
Messages
1,970
Location
midwest
Even worse... future contracts premiums are slipping from backwardation into contango.

I.e. market is pricing a loss off capital for holding duration.
 

Users who are viewing this thread



Top