$2x Bitcoin Strategy ETF (BITX.US)$ Powell will be speaking ...

$2x Bitcoin Strategy ETF(BITX.US)$ Powell will be speaking today tomorrow, we have key economic indicators coming out later this week. should they show further declines in the economy from a slowing standpoint we should see risk on with Bitcoin again. looking at this leveraged ETF if the cards align Powell being doveish in a statements. although he's very cryptive in a comments  typically " were data dependent" "we're looking for 2% and we're not going to deviate" he sounds like a broken recording everybody knows you can't wait till 2% because then you're already negative gdp in the economy and then you have a recession. at least by the old definition now they revised it because they don't want biden to show yet a recession q1&2 22 so now they have to say you have negative employment which is impossible when you have all these illegals walking through the border every day and people having to work two and three jobs just to make ends meet and get by as a result of the inflation. anyways with risk on this ETF should push back to about $35 but we need to get powell dovish statements we need economic indicators showing further slowing and it's back 35 the peak would be 36.125 for a near-term rally. and I am a buyer what I am doing is selling naked puts with a 26 strike that expire on Friday and I'm also buying the ETF long out right and the reason is simple. I had a very nice profit in this ETF I road it up like many and I road it right back down and now I'm at a loss. stupid me never let a profit turn into a loss rule number one. so in effect I'm averaging my cost basis down and we will see what happens but I believe that it is oversold and we are due for a near-term rally.