My idea is that we will not reach a new ATH before the year's end.
If the trend reverses downward I think it is possible that we see a pattern that was also visible in Jun/Jul 2016.
If this happens It is important to pay close attention to the news, rumors and hype machines out there.
A possible strategic partnership with a ride sharing company could give a fast trend reversal in the next year.
My idea is to play a short down to 300/320 (depends how fast we go) to then either take out my position for a longer period as we move sideways, or immediately play the reversal in search of a new ATH.
If the trend reverses downward I think it is possible that we see a pattern that was also visible in Jun/Jul 2016.
If this happens It is important to pay close attention to the news, rumors and hype machines out there.
A possible strategic partnership with a ride sharing company could give a fast trend reversal in the next year.
My idea is to play a short down to 300/320 (depends how fast we go) to then either take out my position for a longer period as we move sideways, or immediately play the reversal in search of a new ATH.