Huffy84

Huffy84

Just the thoughts of an eternal optimist trying to learn... To me, looking at the daily chart it looks like we have a bullish divergence. With Bitcoin on the rampage I wouldn't be surprised if we did drop a little bit more from here before rising again. I've seen many charts with people expecting 30, 40, 70 dollars by EOY. If we can reach previous ATH before EOY...

Huffy84 Updated 

Just my thoughts. Possible IH&S? Or just pure optimism :) What are your thoughts?

Huffy84

I'm wondering if there is a possible Cup & Handle formation forming on 1HR which may get WTI crude oil back in to the channel as per my previous idea.

Huffy84

Just an observation really. Oil has been free falling from 76 (ish) within a channel for the past month; It has also just crashed out of the bottom of the channel it's been moving in since Jan/Feb 2016; Again, part of a larger channel; I'm curious to see if bulls manage to catch a bounce and push it back in to the channel :)

Huffy84

This is just to see how my idea plays out and see if we'll bounce in the channel or if we'll go lower to the trend line. This is my first 'chart' and i know it lacks significant technical data but I don't know how to do that yet :) If anybody does read this and has any advice, I'd love to hear it if its not too much trouble. Thanks Huffy