Bitcoin Reached Support ?
As an options trader I am unbiased to market direction, it seems we are experiencing at approximately this time last night a major sell off from the major crypto economy the united states which makes up for 75% of the total market.
The question as always is what the next step for this market ?
Here is my future forecast for the record...
As we have all seen there are major institutions buying up large stakes in the market and preparing big infastucture to allow for a wider market and a more regulated space for large funds to gain exposure.
Also to take into consideration we have the pending ETF decision with the market showing signs of risk adverse investors selling off prior to the decision.
Sell walls have been high and the market has taken a hit, however this is not the first time we have seen such behaviour from the crypto market, infact in the crypto space this is not even a large crash.
Using options rather than buying coins directly means I have limited exposure to these downsides.
The last trade I made was infact XRP short from 0.000064 to 0.000063.
Telegram: @Cryptocopyfunds
The question as always is what the next step for this market ?
Here is my future forecast for the record...
As we have all seen there are major institutions buying up large stakes in the market and preparing big infastucture to allow for a wider market and a more regulated space for large funds to gain exposure.
Also to take into consideration we have the pending ETF decision with the market showing signs of risk adverse investors selling off prior to the decision.
Sell walls have been high and the market has taken a hit, however this is not the first time we have seen such behaviour from the crypto market, infact in the crypto space this is not even a large crash.
Using options rather than buying coins directly means I have limited exposure to these downsides.
The last trade I made was infact XRP short from 0.000064 to 0.000063.
Telegram: @Cryptocopyfunds
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