What do I think? It does not matter what I think really. We are all full of shit at this point. Price action has destroyed the equilibrium of many of the trend trading systems for the time being. We have coiled into schizophrenia. It could drag on for a bit holding the 100 D MA until exploding up. It could finally push through to 8950 is - 21 W EMA. It could fall a little lower than that to 8680 or so. What I am certain of is that we are in a bull market and that new ATH's are ahead. Market health wise (everyone talks about it being healthy to trade down more from here - that is complete bullshit) it can trade up into its bull run from here or the slightly lower levels without regard to "health"). The only think that is going on now is the ruin of the the spirit of those trying to catch the next up move it in a big way - squeezing the greed out of the orange. The orange is close to dry. Have fun sipping the last of the juice. The last spike to 10,600ish was almost evil in it's disingenuousness. So obvious that larger folks are painting the tape as if they are not rich enough given that they have the capability to do this. So be it if you are in for the potential of Bitcoin - chump change. The leverage available outside the US does not help in this regard. This is where people should be careful what they wish for product wise.A revisit of 10,350 would be nice and going from there would be nice as a start.
flaavless
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@oaksacorn, Thx for your replay! Wise words and i compltly agree. "So obvious that larger folks are painting the tape as if they are not rich enough "..Thats exactly whats going on. Hard to trade these times since there is so much "manipulation". And the leverage is awsome but there is a reason for 9 out of 10 looses their money by using it.