Long Bitcoin ETN (From 26-Feb to 28-Feb)
Real-Time AmpGFX -Sold to close COINXBE (Wed 2/28/2018 9:04 AM MT)
Sold half unit of the Bitcoin ETN COINXBE at 422
Looking at price action, it has lost upward trend for now. With USD performing better it may be a reason to see some fall in XBT, although it remains largely uncorrelated with macro developments.
Positions
Short half unit EUR at 1.2321; s/l 1.2267; t/p 1.2128
Short one unit AUD/USD at 0.7796; s/l 7863; t/p 7658
Real-Time AmpGFX -close stop in COINXBE (Wed 2/28/2018 2:09 AM MT)
Watching 10,240 as a support for XBT. And with Stockholm exchange open, I have left a stop loss in COINXBE a bit below this equivalent XBT level.
I wouldn’t say XBT is much connected to anything fundamental, but with USD firmer, gold weaker and some risk of speculative contagion from weaker equities, XBT might lose its renewed mojo this week.
Positions
Short half unit EUR at 1.2321; s/l 1.2267; t/p 1.2128
Long half unit COINXBE at 412; s/l at 404.8
Short one unit AUD/USD at 0.7796; s/l 7863; t/p 7658
Real-Time AmpGFX – bought Bitcoin ETN (Mon 2/26/2018 9:02 AM MT)
Bought half unit COINXBE at 413.00
Comment
XBT held the support at around 9000/9150.
It has had an impulsive move up today that appears to have altered the recent days of impulsive moves down.
I remain of the view that Bitcoin can trade significantly higher over the long-term, and continue to attempt to trade it with a more technical strategy for the time being, reflecting its highly speculative nature.
Positions
Short one unit NZD at .7309; s/l 0.7367; t/p 0.7208
Short half unit EUR at 1.2321; s/l 1.2377; t/p 1.2128
Long half unit COINXBE at 412; (I will be watching support at 9000ish on XBT to guide s/l).
Note I was stopped out of US T-bond short position, around the fall in yields below 2.85%