Long

Run it back

Updated

We're near a Bitcoin 60 day cycle low, ETH ETF sentiment has not been priced in.

I rather bet we hold bitcoin's consolidation range than break down from here.

Jul 19 215C

Note

Unfortunately had to cut this position at breakeven, very weak rally for BTC. To avoid theta decay will wait until there is a clear picture on direction

Note

Good to own shares here though. Expecting it to continue to trace out the triangle range.

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ETH ETF incoming in the next week and a half. Rally or shake out? - due to the ETHE trust unraveling? I think where we stand in bitcoin's 60 day cycle we likely rally on the news unlike with with BTC's trusts.

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Breaking this range to the upside is contingent on BTC breaking into price discovery, or a large rotation to ETH with the ETF. Looking to get long again very soon depending on BTC price action

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Looks like we broke the range and are retesting the upper support line 👀

limit_buy_69

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