Shorting btc with BITI

[KCalhoun]

Not a recommendation, but I'm shorting btc here by going long inverse biti if it gets >26.1


https://www.cnbc.com/quotes/BITI


setup swing trade
Long biti 26.1
Stop 25.8
Target 29
Time frame 2 weeks

 

[themickey]

I just went long today!

 

[KCalhoun]

we'll see how it works out; HAMMER 3 days ago

 

[nitrene]

I bought the March 15 puts on BITO -- its about a 10:1 leverage currently. Of course I also bought SARK & FNGD.

I like to follow BTC since it seems to lead all speculative assets. I rarely see BTC & ARKK/FANG stocks diverge. It makes sense since BTC is like the negative infinty P/E stocks that don't make any money in the short term.

 

[KCalhoun]

boom, gap+ to 26.4 here, will scale > 26.8