S&P500 Close to ATH - Short SPX500, Long BTCUSD
Source
cointelegraph.com/ne...me-high-says-tom-lee
This might be a triple top in S&P500.
From what I see, we are very slow to break ATH in S&P500. Once that happens I think we only get slightly above 3025 in SPX500 (Maybe up to 3100), which may coincide with Tom Lee's prediction. Basically, more things look good in all markets risk is lowered in other assets like bitcoin.
I will be buying Puts (options) on SPX500 as we get higher, keeping eye on 3050 and scaling in. Another good option is Credit Spread for this scenario.
You can also short, but I like Puts or Credit Spreads best.
This is all Bullish for Bitcoin.
Source for Options Strategies (Bull Credit Spread, Bear Credit Spread, all other options, probabilities of success auto calculated)
Enter symbol or search by strategy
www.barchart.co...change/increase?sector=sto...
cointelegraph.com/ne...me-high-says-tom-lee
This might be a triple top in S&P500.
From what I see, we are very slow to break ATH in S&P500. Once that happens I think we only get slightly above 3025 in SPX500 (Maybe up to 3100), which may coincide with Tom Lee's prediction. Basically, more things look good in all markets risk is lowered in other assets like bitcoin.
I will be buying Puts (options) on SPX500 as we get higher, keeping eye on 3050 and scaling in. Another good option is Credit Spread for this scenario.
You can also short, but I like Puts or Credit Spreads best.
This is all Bullish for Bitcoin.
Source for Options Strategies (Bull Credit Spread, Bear Credit Spread, all other options, probabilities of success auto calculated)
Enter symbol or search by strategy
www.barchart.co...change/increase?sector=sto...