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Possibly... but they need a tighter correlation. Now GBCT is double what it should be vs BTC. That's great for those who were on the ride, but the price of GBTC vs BTC needs to come in a little (healthy pullback). It's like a buying a bank at 5x book value.
Sure, but those have had shorter and smaller impacts. 24 hour pop max.
Tax reform , GDP, jobs will move the FED..... which will move the dollar and gold. Those look good and gold dips.. until it realizes that rates are still silly low
Still think it's crazy that it was on cnbc. All that said... it can go higher... short term
Kind of looks double toppy.
I think the NFP Friday will determine if we see new highs or head sub 1300
Google Andrew Left Citron Research... he was the one talking about it on CNBC.
I've owned BTC for longer than this ticket has been around... don't feel bad for me
I was kind of impressed they were talking about a PK stock
Lol...Nope... go watch it. They were talking exactly about GBTC. Bright up the chart at 1005.00 and everything. They definitely said SEC should skull and crossbone. Fast Money... 15 min ago.
The fundamentals say this is nothing more than gambling. They own 1/2 the bitcoin that their trust is trading at. Red flag imo. There are PLENTY of boats.. I'll catch one without a hole in it. If you think you'll get 8.7% daily then I wish you luck
Bitcoin is a very viable instrument. I own plenty... and eth. Been buying a slow and steady will continue as they retrace.
I just don't think this a a viable bitcoin instrument.
All just my opinion... happy trades
CNBC saying this should get the skull and crossbones
This market cap is 2x the underlying assets (bitcoin) they own that back it.
Price to net asset value.
Oh boy do I wish I could short this
Just got filled on my underlying LULU shares... day trade 57.50 to 62.00
Paid for my October 62.50c about 5x over... nice ending to a boring day.
Bought some more 9/22 240p today. Bought the average down, but really hoping we don't just run away. Think we have some more dips ahead... unless you trust congress to come back in session and just not F up tax reform
XLF looking to print a hammer... think we are in this range until NFP confirms the data we saw from ADP earlier in the week.
We get continued good data and tax reform and the fed will get active in terms of rate hikes imo.
Yep... I've been slowly buying daily for a little while now. Not trading it either... just a couple ETH a week... dips or not
I'm an eth guy myself
Someone know something about LULU? Taking a dive just now with earnings on deck
Great day to buy some puts
Most bank charts looking pretty bullish imo. We get a following up to ADP numbers with the NFP data and I think they extend into 9/15 witching.
Just gut talk
Agree, but still feel a sub 2.80 washout might come first... next two weeks I'm thinking.
Holding UNG puts and starting to look at U on big dips.
Banks bouncing... my 9/15 calls are back in biz!
Nice !
Looks like it's still going... relentless strength today
No surprise on EIA
I'm thinking the banks may bounce from here a bit. September looks to be back on the table with jobs and GDP numbers like we are seeing.
I still think they punt for September, but maybe they raise in September (which would correlate with the pullback I've been expecting this fall) and then preserve a Q4 santa rally as the rate hikes are behind us?
Just thinking out loud
Correction....17 purchase price.
Just grabbed a 14.5 / 13.5 put spread at .18
Let's hope we see some ugliness as the week unfolds
Yep... saw the 50d as well... been picking up some 9/22 240p today... still have some 9/15 calls, but think the near term down trend confirms this week.
Sold these at 63... don't like the Wednesday expiration so tool the profit
Transports and IWM outperforming the broader markets last few days.. maybe they are leading us higher yet again
Seems over done imo... the dollar.
Stopped out at 22.90
Could see one of those grind higher afternoons.. and vapor volume
I think the only thing we can count on is more whipsaw type action in the range of the past week
I just bought some 244.50c for Wednesday @ .54
Why not?
Flipped from 23.20 to 23.52 earlier.
Just bought back 1/2 at 23.10
Out at 23.52
+$600 and my fees paid for.
Time to go to the gym.
DUST looks like it's printing a reversal on the 5m and 15m