so we hit the 7.8 mark, Shorts are squeezed out, but the longs are trapped because there is no clear sign of trend reversal, which would make this a bull trap. Id expect a drop from here, a race to 5.2, or 4.9 if breakthrough. Then go pick out your lambo:)
Note
well it broke through top side, Im still not convinced its bullish yet. We made a run to 10k last time if you remember then a rapid split to 6k. so ill wait..
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.