Yesterday’s sharp reversal downward, confirms my Monday call that “Maximum Bitcoin Insanity” has been achieved. The substantial downside correction I called for, has begun. My target for the short term (rest of January, at least) is the area around the 200 day mvg. avg. <\/p>\n
As far as trading the drop, using the calls on the leveraged, inverse ETF for MSTR (SMST) offers the most bang for the buck. If you don’t want to worry about getting the strike price and or expiration correct, one can just buy SMST. I will look to play the Feb. 6 calls. Take a small position now and if there is a day when Bitcoin and MSTR bounce at all, add to it. (This is not investment advice, just my opinion.)<\/p>\n","protected":false},"excerpt":{"rendered":"
Yesterday’s sharp reversal downward, confirms my Monday call that “Maximum Bitcoin Insanity” has been achieved. The substantial downside correction I called for, has begun. My target for the short term (rest of January, at least) is the area around the … Continue reading