There's nothing more telling than volume. I'm going to go out on a limb and say its going to go to around 4.5K, and possibly lower soon.
The evidence cannot be clearer. Yes, there is alot of rallying going on from the post 6K crash, but I would be leary of the post 8K levels and
consider shorting a 7K buy look to rebuy in at around 4.5k.
Also it's pretty clear there is a good chunk of wash trading going on (nothing wrong with that IMO) but it will get some investors in a serious crunch when it comes time to dance.
Sell in the green, Buy in the red. End of story. Dont chase the candle.
The evidence cannot be clearer. Yes, there is alot of rallying going on from the post 6K crash, but I would be leary of the post 8K levels and
consider shorting a 7K buy look to rebuy in at around 4.5k.
Also it's pretty clear there is a good chunk of wash trading going on (nothing wrong with that IMO) but it will get some investors in a serious crunch when it comes time to dance.
Sell in the green, Buy in the red. End of story. Dont chase the candle.