$BTCUSD: Bitcoin could have peaked here

4 thg 3, 2023

There's two distinct possibilities here for crypto, Bitcoin topped or it will go sideways to coil for the next big move to the upside, likely for 7-8 weeks, or a few more months...This is not the type of juncture where you wanna be heavily involved, and if you are I would consider hedging with OTM puts for 8 weeks, or selling calls OTM for that long.
Shorting is ok but I rather not short crypto, rather just move to cash and watch.
Best of luck!

Cheers,

Ivan Labrie.

9 thg 3, 2023

Ghi chú