The old "Random Number Generator" is in pretty good shape also. We're sitting with a green 1 on the candle that just formed and this sets us up for potentially 8 more days of upside. Sunday we got the 9 sell signal and a break above $8,350 should launch us much higher into the weekend. A close below $8,273 on this chart would not be great and most likely means we need to sit around these levels a while longer before any major price advances.
The sentiment is now pretty much "overwhelmingly ." Just look on Twitter at all the alt coiners talking about the bear market being over. We are definitely still in a bear market and environment. The prices have been decimated over the past 5 months or so.
The job of a bear market rally is to get everyone feeling good.... get everyone feeling secure.... get everyone in.... AND THEN BURY YOU SOON AFTER. Hopefully that's not the case here