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As I suspected (but did nothing about!!!) the BTC ETF was a great sell-the-news event. I think crypto is going to sell off for weeks, and maybe even months, to come. When will it be interesting on the long side again? I’d guess somewhere in the low 30,000s.
Hoo boy. On a day when the S&P 500 and the Dow 30 Industrials reached their highest points in human history, TSLA kept slipping. This does NOT look good for Tesla bulls. I could easily see this down to $170-$180 within days, as crazy as that may sound. I have no position at all, but that Fibonacci could fail with just a sneeze in the bleachers.
Of my positions, only one of them is sporting a triple-digit percentage gain, and that’s my dear friend XLU (more specifically, the March 15 $66 puts). So, errr, other positions, how about join the party and get with the program, huh?
