Bitcoin Trade
“We have a position.”
Bitcoin surprised a lot of people today with its weakness relative to SPY 0.00%↑ and QQQ 0.00%↑ While I found it notable I can’t say I was surprised. You may recall we got long BTC at the July lows while equities were at all time high. Bitcoin proceeded to rally 13k from our entry in nearly a straight line.
I’ll leave the macro to the experts like Capital Flows and I’ve identified a tradable setup.