mortonpeak

The New BTC Environment, post Futures

COINBASE:BTCUSD   Bitcoin / Dollar
We see lots of neat jumps in price, but it's really about establishing a parallel channel for daily trades.

You can see the dramatic run up accompanied by a parallel run. The run-up is hard to buy into and hard to predict/ scary to buy into.

Average daily productivity of the parallel is +4%, pretty good if you are an ETF


This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation
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