One thing is clear to me, we are still on a downtrend unless we touch at least $108 and $120 later (i always look at daily charts for that matter)
The price action in the last few hours indicates that $108 is in the gun-sights. There is no real enthusiasm for a full retreat after the foray to $104.
I can hardly see the enthusiasm in the bids (wall is found at 90), only coordinated large buys from a (few) whale to entice panic buying again.. And you know they always shit on us later on..
When whales make mistakes, you just seize the opportunity and screw them.
Trust me, whales make mistakes very frequently, not only here (our whales are still in their infancy), but also in more matured / unfriendly markets. I saw traders from SG, Rabo and others blowing huge accounts and smart traders screwing them rather easily and mercilessly.
Go to:- ''kreslik'' trading forum - this used to be a very good forum, now it became shitty
- ''steven hopwood something'' forum - never been there but a fellow trader posted there (not sure if he still posts) so posts and learning resources must be of good quality
and learn how to screw whales.