$BTC is above the gamma flip.
Spot: $68,920
Gamma flip: $67,512
Max gamma: $75,000 = primary magnet / pin
Put wall: $60,000
Call wall: $75,000 =
Net gamma: +$47M = modestly positive, but not enough to fully pin price
Realized vol (30d): 53.0% = volatility is still high, but lower than before
Key date:
Mar 27: 37.0% of total gamma expires
This is absolutely insane:
By 2:10 PM ET today, the S&P 500, $SPY, $675 strike calls had fallen to a low of $0.02 per contract, effectively worthless.
Then, at 3:20 PM ET, President Trump said the Iran war is "very complete," sending the S&P 500 soaring.
By 3:30 PM ET, 10 minutes later, these same calls were trading at $4.95 per contract, up +24,650%.
In other words, $1,000 invested in these calls at 2:10 PM ET was worth $247,500 just 80 minutes later.
We are witnessing historic volatility.
I started scalping the 9-minute timeframe in the Forex market on Friday evening.
These are my trades so far, including some that have already been closed.
All of this happened in less than 24 hours of trading, with a fixed stop loss of $100 per trade, which I move once the price moves in my favor.
I just caught the USD/CHF move a few minutes ago.
Unfortunately, it became very clear to me that I’ve been wasting my time in a junk market.
Forex is extremely, extremely easy far easier than I ever imagined.
And this is on a 9-minute timeframe, meaning a trade can reach its targets within one or two hours at most, and there are no overnight holding fees.