Bitcoin on the Move

$BTC

$BTC has seen a quick push from $25K to $30K. Is it ready to go? I don’t know, but as mentioned last month (https://732charts.substack.com/p/btc-watching-from-the-sidelines), I’m a watcher until the $32K hurdle is cleared.

What I am making small bets on are $BTC related equities. Here’s MARA 0.00%↑

Two month sideways consolidation and a heavy volume move up that began on Tuesday. I’m playing it via selling put spreads. This is just a personal preference for me, as I’ve always been most comfortable selling options vs buying. I’m using the 20 day at $10 as my line in the sand, and given the volatility of the name and BTC, the premiums are juicy, providing a good risk/reward setup.