Bitcoin is doing another parabolic move. This one might take it to 200K.
These types of parabolic moves are unheard of in financial history. Parabolic moves are unsustainable. They eventually end. It seems that Bitcoin has one every few years. The amount of money printing that has occurred is creating all types of speculative manias. Make no mistake about it. Bitcoin is a speculative mania.
My brokers have updated the initial margin requirement for Bitcoin to 175K. The 30 day ATR (Average True Range) for bitcoin is about 3200. This means, per contract, you could expect about a $16K price swing in your trading account per day.
Trading Bitcoin futures is a quick way to blow up your account. I have no intention of touching it.