Another quick chart before I get back to work, Explanation is in text on the chart. BTC is moving extremely bullish but it's stupid not to hedge at a significant resistance level.
BTC options (Strike Price $7.5-9k) that expect a pullback to the 7-8k zone within 1-2 weeks have around a 10-20x risk/reward ratio without any fear of being stopped out :shrug:
I expect a hard 20-30% pullback within 1-2 weeks.
Looking at Longs/Shorts historically doesn't look great either
BTC options (Strike Price $7.5-9k) that expect a pullback to the 7-8k zone within 1-2 weeks have around a 10-20x risk/reward ratio without any fear of being stopped out :shrug:
I expect a hard 20-30% pullback within 1-2 weeks.
Looking at Longs/Shorts historically doesn't look great either