BITCOIN
Today, in light of Bitcoin’s price action, I decided to make a 1/3 entry into ORDI, because I always assume that my entry level may prove to be wrong. In other words, ORDI may further decline greatly before potentially starting to rally in correlation with BTC:
ORDI
However, if my entry proves correct, meaning the price of ORDI starts to rally from my entry level, then I will look to add additional capital at the relevant points along the bullish diagonal trendline.
Next Action
- Continue to monitor the price action of BTC and ORDI every 4 hours or so.
JETS ETF
After carrying out some quick online research, today, I was able to ascertain that the price of JETS usually rallies when the price of USOIL goes below $80:
USOIL
This is because the cost of fuel makes up a huge percentage of the airlines industries expenses. So, when the price of oil decreases it has the knock on affect of making airlines far more profitable.
Next Action
- Continue to monitor the price action of USOIL and JETS everyday.
