Be Careful When Others Are Greedy

Be Careful When Others Are Greedy

There are still too many who think we'll break $10,000 soon.
I think we'll see one more drop again after the correction, so the Bulls should finally be bearish again and be scared.
However, the current upmove could go to $9,700/9,600 before we see the drop in the $8,000 area.
After that, the long-awaited break out of $10,000 should come.
But it may take a few days until then.

Note: The targets may change over time, but I'll keep you posted.

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I just wanted to add that with a drop to about $8,500, most longs positions should be closed at a loss.
This would cause people to wait for clear signals before they get in, such as after a break of $10,000.
If they are too careful that it is not a fakeout, then in most cases we would go up to about $11,000 in a few days before the real drop comes.

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Should we turn back here, which is not unlikely and you have some positions open, then just wait. Most likely, it will then go up again in the same area.

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When you are at a position, wait until it turns again and sell.
This will go lower after that.

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''When you are at a position, wait until it turns again and sell.
This will go lower after that.''

Actually don't sell and wait.
This can still go higher.

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Should go up now.