See how break of the trendline last july gave us the signal that the end of the bull run was near. Could we possibly see something similar again?
It is better to be cautious of this run till price closes above 11k on monthly, a better indicator would be price closing above 11.5k on weekly.
Till that time its better to be not too bullish
It is better to be cautious of this run till price closes above 11k on monthly, a better indicator would be price closing above 11.5k on weekly.
Till that time its better to be not too bullish
Comment:
Also another thing to be noted is this doesn't mean an immediate down move, its just better to be aware of these bearish scenarios when trading.