Bitcoin Trade Update: Adding to Long Position Here Bitcoin BTC CME Futures seems like is is preparing to make an enormously strong move, and I'm thinking to the upside based on price holding above the basis as the Bollinger Bands tighten to extremes. The RSI is also trying to push above 50, which can act as a buy trigger when it comes on high volume. A move above 50 and above the upper BB should lead to up to a 14% move higher based on the height of the inverse head and shoulders we have I know I am sharing the same charts, but I want to be clear about how I am handling this and why I'm positioning the way that I am If we get this move, it could make it look like a bump and run bottom is in, which people love to point to in Bitcoin all the time. Watch, I bet it becomes a narrative. That's how I think we get so enthusiastic about alts and make it all the way to the high 80s Possible failure means new lows and it would be a bummer to miss that short
Published Jul 29, 2026Updated Jul 29, 20263 min read
Bitcoin Trade Update: Adding to Long Position Here Bitcoin BTC CME Futures seems like is is preparing to make an enormously strong move, and I'm thinking to the upside based on price holding above the basis as the Bollinger Bands tighten to extremes. The RSI is also trying to push above 50, which can act as a buy trigger when it comes on high volume. A move above 50 and above the upper BB should lead to up to a 14% move higher based on the height of the inverse head and shoulders we have I know I am sharing the same charts, but I want to be clear about how I am handling this and why I'm positioning the way that I am If we get this move, it could make it look like a bump and run bottom is in, which people love to point to in Bitcoin all the time. Watch, I bet it becomes a narrative. That's how I think we get so enthusiastic about alts and make it all the way to the high 80s Possible failure means new lows and it would be a bummer to miss that short
