Bitcoin trade stopped out at a profit today. This morning I added a trailing stop to my BTCC (Purpose Bitcoin ETF) at $9.40. Later on the order was filled at $9.38 after being on the books for 12 days. Here is the P/L breakdown. $8.90 – buy #1 $8.19 – sell #1 (predetermined stop hit) […]
Markets a look ahead this week appears to be much of the same. heightened volatility continued talk about ‘high’ inflation and how to fight it the FED looking a +50pbs rate hikes, maybe China’s PBOC propping up risky assets, wut? Last week we witnessed an epic collapse in Chinese stocks, maybe you noticed as well. […]
Last week I dipped my toe back into Bitcoin (see here) and swiftly got stopped out. Frustrating, yes! But that’s trading. It took me many years to understand the difference between luck (or no luck) and sound risk management. To be sure, last week’s Bitcoin trade was bad luck. Some may argue for a wider […]
My bitcoin trade is not going according to plan. As we head into the weekend, BTCC opened within a hair of my stop loss trigger. You can find my original trade post here. The chart below illustrates how razor close I am to bailing out of this trade. To be sure, I am tempted to […]
I thought I’d walk through a trade I put on this week. To be clear, this is a short-term tactical trade, not an investment. Meaning I’m looking to capture a short-term rebound in crypto. To be sure, the risk profile of the entire market has changed thanks to Putin’s invasion of Ukraine. We’ve navigated through […]
Markets gone wild! That’s an understatement given today’s price action. Equities cratered at the open only to rally and wipe out losses! Last week I wrote a post about fear trades. Well, today checked off two of the three conditions. So, what does that mean going forward? Indeed, today many weak hands were flushed from […]
Bitcoin and blockchain, say what? I’m not a crypto bull or bear. I’m a crypto agnostic. As a Bitcoin investor dating back to 2012 I love to see the price exploding into the stratosphere, but what does up must come down, right? A market has yet to exist that can defy gravity forever. These days […]
Crypto up against the wall, but will the bulls or the bears come out on top? I’m leaning neither to the bullish or bearish side at this point, but the market reminds me a UFC pay-per-view at this point. As Bitcoin and Ethereum grind higher a bigger challenge looms ahead. Can the bulls push prices […]
Bitcoin finds the bottom much to the dismay of the Federal Reserve (‘the Fed’). That is to say the Fed is in no mood to see Bitcoin prices moving higher because it’s a red flag that their policies are not working. Regardless, after a three month long correction Bitcoin prices are heading higher once again. […]
Bitcoin chart turns bullish as 3-month consolidation phase comes to an end. Undeniably, Bitcoin is on of the biggest technological innovations to date. Without doubt, investors and innovators will take blockchain to places unknown. The best part is everyone can get in, and it’s still early. To be sure, you want to due your due […]
