This is lower time frame follow up of my other idea described in the link below. It has has panned out very nicely so far. Once again the BTC developer infighting has picked up steam and it is a good excuse for the price action, but the simple reality is that BTC was already failing to make new highs. I see us in an intermediate down trend that will play out...
I shorted this idea twice last week, but ended turning them both into quick scalps after it was clear the bulls weren't quite done yet. Oil has been in a downtrend trend for a very long time now and since the last consolidation in the high 40's, it has respected the channel very nicely. After being very oversold and spurred by rumors, oil turned and had quite...
I don't love this idea enough to short it, but I am sitting in cash from 450. The idea being that the band held as support throughout much of 2014 and was confirmed repeatedly as resistance. A 2 year S&R band will not break easily. I noticed some similarities around the band with what is happening recently and I like the idea of taking the chart from the...