How to trade election night without letting election night trade you. 📚
CoinDesk reported on 3 November that implied volatility on the nearest dated Bitcoin options has jumped to about 51 percent, from about 43.5 percent for the 4 November expiry yesterday, which means options traders are paying up for protection into the midterm results. 💡 My method for a night like this is simple. First, decide your levels before the results, 76,303 below Bitcoin and 78,120 above it, and do not invent new levels mid move. Second, cut size, because a 51 percent volatility market moves further than a normal chart suggests. Third, wait for the first real media calls tomorrow instead of trading every rumour tonight, because early calls move price twice, once on the rumour and once on the correction.
On election night, do you trade the results live, or wait for the first confirmed calls tomorrow? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
CoinDesk reported on 3 November that implied volatility on the nearest dated Bitcoin options has jumped to about 51 percent, from about 43.5 percent for the 4 November expiry yesterday, which means options traders are paying up for protection into the midterm results. 💡 My method for a night like this is simple. First, decide your levels before the results, 76,303 below Bitcoin and 78,120 above it, and do not invent new levels mid move. Second, cut size, because a 51 percent volatility market moves further than a normal chart suggests. Third, wait for the first real media calls tomorrow instead of trading every rumour tonight, because early calls move price twice, once on the rumour and once on the correction.
On election night, do you trade the results live, or wait for the first confirmed calls tomorrow? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #CryptoEducation
