Looks like we've made it through the long term downtrend (yellow dotted line) pretty convincingly right now, there was quite a strong push up and we seem to have hit resistance around the $11,200 mark which is pretty heavy. Discussion I'm reading and other traders seem to think we'll consolidate a bit before another attempt to push above this point. That said, given we've broken the trendline that so many people have been watching, I would imagine this would act as a buy signal for a lot of people, despite the RSI looking high and MACD quite high as well.
Let's face it, a lot of people have been waiting for the bear market to end and for the next bull run to start... is this it?
Let's face it, a lot of people have been waiting for the bear market to end and for the next bull run to start... is this it?