There is a big drop and possibly a bull trap on the way. Start to close your reasonable positions, a bull run might occur to 7.5K after we drop to 5.8 and then 5k.
Market makers are selling their holdings and they do it in a way that making the price artificially go up and then dump on you.
Don't fall into the trap, don't be greedy.
Just get out in an optimal price range.
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I don't think Short Squeeze invalidates this, one way or another we are going to see below 6k after this Top.
What do you make out of whats going on right now? Thats quite a rise..
Rudcardinallo
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@alexkostoff, "and possibly a bull trap on the way. Start to close your reasonable positions, a bull run might occur to 7.5K after we drop to 5.8 and then 5k. "
alexkostoff
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@Rudcardinallo, Look my bias is short. But your call is invalid now. Hence why I asked the question 12 minutes ago. Either this is a bulltrap of epic proportions or its not.. On my charts it just broke the long term descending trend-line, originating from January.