BTCCNY: Bitcoin's following stocks
已更新
I expect to see a bit more of a selloff in BTCCNY.
The options expirations we had on Friday/Saturday implies no downside protection, and clearly the market already started to react to the record amount of puts that expire in the 1800-1900 region for the S&P500.
BTCCNY has been following the stocks' direction since July 2015, which is interesting, and comes right after the LTC 'pump' and the suspicion that chinese investors were using BTC as a means to escape regulatory controls and move money offshore. Price action justifies this line of thought, clearly.
This decline is a retracement in a larger monthly uptrend. You can check the related ideas for my larger picture view of the rally and targets, and also check out the signal I gave to my group today below:
Contact me if interested in getting timely alerts for all the BTC trade setups that we cover.
Cheers,
Ivan Labrie.
The options expirations we had on Friday/Saturday implies no downside protection, and clearly the market already started to react to the record amount of puts that expire in the 1800-1900 region for the S&P500.
BTCCNY has been following the stocks' direction since July 2015, which is interesting, and comes right after the LTC 'pump' and the suspicion that chinese investors were using BTC as a means to escape regulatory controls and move money offshore. Price action justifies this line of thought, clearly.
This decline is a retracement in a larger monthly uptrend. You can check the related ideas for my larger picture view of the rally and targets, and also check out the signal I gave to my group today below:
Contact me if interested in getting timely alerts for all the BTC trade setups that we cover.
Cheers,
Ivan Labrie.
註釋
2 minutes for NY stock market open.註釋
Nevermind, I always get confused when time changes...1 hour left.註釋
Retracement in S&P500 and XGY0.BTCCNY still bearish.
Will be interesting to see how this evolves.
I covered my S&P500 shorts today, didn't like how 2000 held.
註釋
And I was right about fearing upside in equities...and thus btc.註釋
Managed to squeeze 1.26R win out of the short in BTC. Now waiting since price is in a huge triangle.註釋
Is BTC leading stocks here?註釋
Looks like Shanghai is going up, and with it goes BTC.註釋
So...交易結束：目標達成
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。