Wow. I was anticipating heavy resistance in the $6000-6850 range for a while and bulls saw it for a day and then just didn't care. Quite an impressive move just barely missing $7000 last night.
I wasn't going to update anything as I am about to be traveling but this has been such an impressive few days by the bulls here. Shorts have come down considerably as well so bulls definitely winning the battle. RSI is pretty extreme here so anyone seeking entries should be cautious, potentially looking for pullback to cool things off and then make another bull move. EMAs continue to hold support but yesterdays move has pushed quite a bit above them. Would love a re-test back towards the EMA for support over the weekend but honestly it's just a hope as bulls aren't messing around. I'd continue to keep an eye on the Fidelity information for when they will open trading in a few weeks as explained in prior posting. If this continues to go on a massive run, I'll certainly be expecting heavy shorting once Fidelity opens.
Just My 2 Sats!
I wasn't going to update anything as I am about to be traveling but this has been such an impressive few days by the bulls here. Shorts have come down considerably as well so bulls definitely winning the battle. RSI is pretty extreme here so anyone seeking entries should be cautious, potentially looking for pullback to cool things off and then make another bull move. EMAs continue to hold support but yesterdays move has pushed quite a bit above them. Would love a re-test back towards the EMA for support over the weekend but honestly it's just a hope as bulls aren't messing around. I'd continue to keep an eye on the Fidelity information for when they will open trading in a few weeks as explained in prior posting. If this continues to go on a massive run, I'll certainly be expecting heavy shorting once Fidelity opens.
Just My 2 Sats!
