Crazy parabolic move until now, google trend is approaching the latest tops, whales are selling like crazy, I think we are about to end a bull-cycle, the next bear cycle is going to be bloody one, because we are at all time high in open interest at the futures market, the market makers do not have a ton of short at the next levels(20-23K), but without any doubt they have an all time high in OI for liquidate the bull contracts for the downside moves to come, prepare for the dark winter.
Note
Like I said, head and shoulders is formed as for now, we are heading down to the 13k levels.
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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.