Bitcoin Bull Flag

Just spotting the technical patterns.

Could retrace back to around 1T but I am confident that the dip would get bought just as fast.

This is what I am hoping for, and the flag pattern agrees with it.

There are longer term trends at work, a short-term downtrend still needs to be broken.


I am net long on MARA and BITO. I own no bitcoin, full disclosure.

Not financial advice.

I think BTC will continue up. But I think there is more money to be made through its derivatives now that it is traded in US equity markets.

Options on bitcoin based ETFs can give you leverage for big profits, and if you have real conviction that it's going up, and you want to have more of it, the best thing to do would be make dollars from leveraged products like BITO and then buy BTC with profits from it. Especially when bitcoin is dropping. Then you could short, or use options to profit from the decline of spot ETFs like BITO, and then take the profits and buy bitcoin.

That is what I am starting to do myself.