11500 was the key level. The last move down did not quite get to my target of 5k but I am still long term bearish. Price came back up to a major weekly Ichimoku resistance and held last week. If this move follows through it could continue all the way down to my afore mentioned target. I've effectively hedged my Bitcoin holdings at this point to be delta...
Looking for USDJPY to reverse off this consolidation back to resistance @ 111.
Going to start my Veritas Fund with a trade in the EURAUD as a pullback from the slow, weekly trend matching the Ichimoku wave on the Daily.
ARE triggered an alert on the Weekly level for a pre-earnings play. Volatility is creeping up so it should offset theta to a degree allowing me to capture delta if it makes a move to retest the high prior to earnings.
Catching up on some logging from last week: bought puts for the run-down to earnings on JCI
Watched the shakeout bar and went back into CADJPY.
I don't like the volatility spike but I do like the reward potential on a pre-earnings move back to the high. Going to take a short term Call Option to capture any volatility increase as earnings approaches as well as a run-up to retest the high prior to earnings in a few days.
Grabbed June 60 Call Options on the post-Earnings dump
1-16-2018 bought March Puts going towards earnings on TRIP
Another update for last week's pre-earnings trades: HBI Puts for the pre-earnings ramp down.
The second forex trade of the year is a pullback to the Daily KS on USDCHF with a goal to translate it into a longer breakout short.