Apollo_CB

BTC ranges before halving

Short
BINANCE:BTCUSD   Bitcoin
BTC has been ranging and very volatile leading into the halving. Do remember that the basement price will be around 60K starting on Monday since the block rewards will be halved. I think the bottom of the previous bull flag seems like a decent stopping point but I wouldnt put it past BTC to wick way lower. We are very close to my downside target 1.

-Downside target 2 is a more historical level
-Downside target 3 is a worst case scenario imo and would be short lived
-I am saving my remainder cash for next week to buy CLSK calls if we drop lower
-Longer dated calls make the most sense here because we dont know how long BTC will range, June or Jan is a good spot and 20-25$ strikes imo

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