Bitcoin futures chart looks TREMENDOUSLY bullish...
I was looking at protective puts in case of a negative SEC decision causing a black swan decline but this chart makes me think it's not necessary to buy insurance here. (although payoff was like 22 to 1 for OTM puts expiring by Jan 12th)
If this signal here works, the 'Explosion Pattern' in the latest accumulation pattern suggests a 2 to 3x target range move within 13 trading sessions.
Crossing fingers, let's see if this analysis is correct, weight of evidence across the board is with the bulls here.
Cheers!
Ivan Labrie.
I was looking at protective puts in case of a negative SEC decision causing a black swan decline but this chart makes me think it's not necessary to buy insurance here. (although payoff was like 22 to 1 for OTM puts expiring by Jan 12th)
If this signal here works, the 'Explosion Pattern' in the latest accumulation pattern suggests a 2 to 3x target range move within 13 trading sessions.
Crossing fingers, let's see if this analysis is correct, weight of evidence across the board is with the bulls here.
Cheers!
Ivan Labrie.