$BTCUSD: Bitcoin could have peaked here

There's two distinct possibilities here for crypto, Bitcoin topped or it will go sideways to coil for the next big move to the upside, likely for 7-8 weeks, or a few more months...This is not the type of juncture where you wanna be heavily involved, and if you are I would consider hedging with OTM puts for 8 weeks, or selling calls OTM for that long.
Shorting is ok but I rather not short crypto, rather just move to cash and watch.
Best of luck!

Cheers,

Ivan Labrie.

تعليق: