This chart did indeed breakout to the upside, as did my Riot chart ( although weaker). We enter steep resistance here, most of these upside resolving wedges I post fall apart and often to back to where the broke out or completely fall apart. With recent BTC weakness I have decided to enter a safer naked put setup 15$ strike for September to juice my downside bet. I have also de-risked and left all of my options selling positions on BTC related stocks last week before the major pivot continued.
-I expect at least 15.5$ here soonish
-Followed by a dip into the demand box again.
-I expect at least 15.5$ here soonish
-Followed by a dip into the demand box again.
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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.