Is up 13% so far today and my short puts are now up at 72%.
It won't be too long before it will be time to buy them back to close the trade and take the premium.
I have overlaid BTC so you can see how early this bounce happened.
It began to bounce before BTC had bottomed. And that was fine because I use limit orders to capture an area.
This trade was in part made possible by having an awareness that Bitcoin would bounce where the high liquidity was as well as work on CLSK chart.
I have linked the Bitcoin thread below where I described the high liquidity area below the orange trading range.
From here I think this is going to be a connective wave that will at some point see some more downside, but looking strong for now 👍.
Not advice
It won't be too long before it will be time to buy them back to close the trade and take the premium.
I have overlaid BTC so you can see how early this bounce happened.
It began to bounce before BTC had bottomed. And that was fine because I use limit orders to capture an area.
This trade was in part made possible by having an awareness that Bitcoin would bounce where the high liquidity was as well as work on CLSK chart.
I have linked the Bitcoin thread below where I described the high liquidity area below the orange trading range.
From here I think this is going to be a connective wave that will at some point see some more downside, but looking strong for now 👍.
Not advice
Note
I've bought back my puts to close here for 67% profit because a whipsaw upper wicked candle is printing through resistance and the bounce is likely done or nearly done.From here this will likely trickle or wobble back to Support @ $5.16 👍.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Your FA guru can't read a chart💭
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
I run a technical group with lots of content every day + regular videos, 1:1, chatroom 🚀.
Better than all the rest? My record speaks for itself 💡.
Telegram Group: $50 per month✨.
Contact: t.me/dRends35
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.