Just over two weeks ago, I published Crypto Turtling Time.
By following that plan I was short crypto, later turning long again. This back-and-forth resulted in negligible losses and I’m again aggressively short as of bitcoin’s drop back below $30k.
I’ll close the position to be flat crypto if bitcoin pops back above $31100.
BITI is the ticker for the ProShares Short Bitcoin ETF. It closed today at $20.08
COIN is the ticker for Coinbase, also a reasonable short target in my estimation. It closed today at $67.72
Already holding a position in TZA to short the Russell-2000 small-caps index with levereage since 5 weeks ago, I’ll double that short once TZA climbs back over $32.00
It closed today at $31.02
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