I closed by BTC position (which was infact call spreads on BITO) at 107k and haven't touched it. I don't like to short in general and bitcoin can be very tricky.
I am interested in BTC at around 80k after the resolution of the BTC Futures Volume Gap and the mitigation of short interest present at former all time highs etc.
If volatility has spiked...
I'm already long NVDA in a net profitable hedged position. I went long at 129 and overhedged at 151. The CES event stank of buy the rumor, sell the news. The chart structure also supported a clear buyside liquidity run to that level.
The double wicks at the top of the range indicate an intent to run through buyside again. Before the CES run, a gaping block...
I was long silver for most of 2024, made money both ways through hedged equity (SLV) and various options. I closed by position at $28.50 for a profit, and rode OTM puts to the current 20 day low.
I didn't want to buy at the bottom of the channel because of the overhead resistance where silver futures are now testing. I see a trade setup for a sellside liquidity...
