One of the chart people I pay for issued an unusual recommendation, short the market index. I have previously wrote I expect the market top around the 20th through 28th, a Bradley turn date.
Because I was already predisposition to short the market around this time, I went in a little heavy short. Purchased SDOW and bought some March dated puts, and sold a call dated pretty far out in the market.
I am watching Bitcoin tonight to break down lower or higher out of a trading channel it has been in.
I am extremely light bitcoin ATM, with about 1/5th the bitcoin I had a couple of weeks ago.
To watch the bitcoin channel, click here:
UPDATE:
If the DOW does start to go lower, the low should be above 25K, there is a very good chance we can even go lower.
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