18 Nov 2020
Trading Strategy: Hedge your profits and play the skew
Over the last 2 weeks, we crossed consecutively, with hardly any real pull back, the 14,000, the 15,000, the 16,000, the 17,000 and the 18,000 level. The speed of that rally has taken even the most enthusiastic BTC hodlers aback.
The flow of bullish news has been uninterrupted, being company putting reserves into crypto, payment services expanding
14 Oct 2020
Trading Strategy: Target the 12K/14K range, Part Deux
Back in early august, we published a similar idea (in a low premium strategy to mitigate risk) but the market failed, despite a break to 12400, to stay above 12,000 and reverted back to the 10,000 level. This level and the 10,500 acted then as good resistance. With the help of a bullish market in equity (especially in the tech sector), it did not
17 Sep 2020
Trading Strategy: Let’s play ETH back above 400
After flirting with the $500 level a few weeks ago on the back on a broad market rally and DeFi exuberance, ETH fell more than 30% to trade as low as $320. It has bounced back since to $380, but we feel there are reasons to believe that this trend could continue and break above $400 again.
Looking at technicals, we have a channel that has formed a
3 Aug 2020
Trading Strategy: Betting on the 12,000/14,000 range
As expected, by crossing the 10,500 level we saw a regime shift in BTC. Volatility came back both in realised and implied. The flash crash we saw over last weekend, with over $1bn worth of position in BTC being liquidated across exchanges, shows us that it is unlikely to go away soon. 10 days realized is sitting now at 81%. Implied volatility
22 Jul 2020
Trading Strategy: Still Bored of the 9,000-10,000 Range?
Trading Strategy: Still bored of the 9000-10000 range?
A bit more than a month ago on the 15th of June, we suggested selling the 31 Jul 2020 8,000/9,000/10,000/11,000 Iron condor. This strategy played beautifully as BTC failed to escape the 9,000–10,000 range. Worth $600 at the time, it is trading around $110$ now.
With less than 10 days to go un
16 Jun 2020
Trading Strategy: Bored of the 9,000- 10,000 Range?
For 3 three weeks now, we have been bouncing back and forth between the 9,000 and 10,000 level. It looks like the market is looking for a catalyst to either break higher or lower.
For those who see calm ahead in the next weeks and want to bet that we will stay in that range for longer, we suggest putting on an Iron condor spread. The 31Jul2020
26 May 2020
Trading Strategy: Post Bitcoin Halving, a Feeling of Déjà Vu?
As the narrative around the halving is fading, and after failing 3 times to break above the 10,000 level, BTC price has returned to the halving level seen on the 12th of May. If we compare this market to the 2016 halving, we are starting to see some resemblance. Let’s see why.
50 days before the 2016 halving Bitcoin was trading at $440. It rallied