Despite bitcoin’s 20% crash on Monday, I can see a continued...
Despite bitcoin’s 20% crash on Monday, I can see a continued price rally in the next coming weeks to push BTC closer to a six-figure price tag.
At present price is $35,420, bitcoin (BTC, -1.6%) is up nearly 16% from the low of $30,305 observed on Monday. Even so, the number one cryptocurrency by market value is still well short of the weekend highs above $40,000.
Some traders, though, have been buying Jan. 29 expiry call options at the $52,000, $64,000 and $72,000 strike prices on the Deribit exchange.
A call option gives the buyer the right but not the obligation to buy the underlying asset at a predetermined price on or before a specific date. I can see some serious manipulation over the next coming months with traders being sucked in long and short all over the shop. The best way to invest is to buy the coins on an exchange, forget about it for 3 months, and live your life. The more aggressive way is to buy on margin however the days of getting great risk-reward whilst keeping conservative are over.
At present price is $35,420, bitcoin (BTC, -1.6%) is up nearly 16% from the low of $30,305 observed on Monday. Even so, the number one cryptocurrency by market value is still well short of the weekend highs above $40,000.
Some traders, though, have been buying Jan. 29 expiry call options at the $52,000, $64,000 and $72,000 strike prices on the Deribit exchange.
A call option gives the buyer the right but not the obligation to buy the underlying asset at a predetermined price on or before a specific date. I can see some serious manipulation over the next coming months with traders being sucked in long and short all over the shop. The best way to invest is to buy the coins on an exchange, forget about it for 3 months, and live your life. The more aggressive way is to buy on margin however the days of getting great risk-reward whilst keeping conservative are over.
Zlecenie aktywne
Transakcja zamknięta: osiągnięto wyznaczony cel
Uwaga
52K Done, Expect a revisit back into daily moving averages.
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