BTC Update

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Fed meeting next week, rut ruh...

Bought a few OTM BITO puts for next week, just a small play

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I think next week's $12.5 BITO puts at 50 cents and change is a gimme bet, this at least has to retest support.

Just 20 contracts for kicks and giggles, could be big if BTC collapses over the weekend

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When my BITO puts double, I'm selling half and letting the rest ride for next week. The whole setup is to play the Fed meeting for free, lol.

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Probably gets a bounce overnight or tomorrow at 20k, but gonna hold until the merge

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Looks like Apes are bailing faster than the Russian Army, lol.

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Closed out my BITO puts and going on vacation, 3 day weekend for me. See ya later.

Chances are pretty good that it tanks now that I closed my position, lol. Just don't want to ruin my vacation watching BTC.

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Garbage is certainly more resilient than I expected, was hoping to retest that 18.5k support by today. I would've kept half my puts if it had.

Still see absolutely no reason to buy crypto garbage until the Fed is done with QT, and all of this garbage will eventually go to zero. the problem is the timing is difficult....

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Bought some $12 BITO puts for the weekend, just a beer money bet.

ETH looks bearish as heck and could take the sector down over the weekend

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... and ETH did indeed take the sector down

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You know the crypto bulls are dead, if I wrote that BTC was headed to 12k this year, 6 months ago there would have been at least 2 dozen trolls flaming me. Now they're all gone. is almost a foregone conclusion at this point, I need to start saying ZERO to get any attention, lol.

ZERO, ZERO, ZERO

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Flipped the puts this morning, there are stocks moving faster than BTC

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Diverging from the market, cryptos are toast unless the Asians pump tonight

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Looks like even shitcoin gained traction on the market pump, I've got both Asians and Euros pumping tonight so probably safe to go long for a day

No positions in cryptos after cashing out earlier today

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So much for decentralized, they've got this thing tied into the stock market via futures trading. When the algos pump the stock market, they're pumping BTC futures as well.

If they're pumping garbage stocks like PTON, you figure even cryptos will go up

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BTC is just moving in the same direction as the market, there are better things to short considering the premium on BITO options.

Better off looking at Nasdaq futures (NQ1!) than BTC, the indictors work better. For those of you trading BTC (long or short), check out my NQ plots, updated daily.

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Amazed this garbage held support all week with all of the bas news.