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QCP update 03 April

Commentaries & Views

The April seasonality (from previous post) has worked  extremely well so far with a huge rally off 6160 lows on 01 April. BTC has since hit a high of 7292 and remains very supported. At current spot BTC is up 18.27% for April 2020.

Breaking down the seasonality into weeks reveals that the strongest BTC higher seasonality is in the first week of April and the first week of May (table above). We've turned small long spot and have been selling puts strategically, longer tenor with strikes around 5k. We'll be looking to add on dips into end of April to capture the seasonality in the first week of May.

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