A boring consolidation day. It would benefit us all if this market actually sold off a bit. Satisfy the bears a bit. Improve the R/R on the long side. Everyone is happy. Let's see what happens overnight.
Again the Q's are hitting 500. No way of that missing. Today was just about screwing over options. It will happen tomorrow.
Sure, why not. That's less than 0.5 % from current highs. So, more interesting to see what happens after that. Even you know that this market will retrace. This near vertical rise can't be sustained indefinitely. The most difficult play is if we get a sloppy, range bound pullback.
It will warn everyone with a daily bearish candle when it's ready. Until then we don't even consider a bearish play. Anywhere from 486-488 is a real possibility in a sharp pullback, which I'm ready for. Remember I said the market won't go down until possibly July 9th. I'll have to find that post.
Using the trading range after the June 17th breakout, depending upon where you choose to measure from, a leg more or less equal to that range would target the low 5660s up to maybe 5675? I feel 5675 is a nice number to look forward to. Since every new high is a new all time high there are no frustrated bulls or bears above. Blue skys above only. Like you said earlier a lot of bears probably sold short close to 5615 at 2:45 PM and here we are back at the highs.
Haven't seen the usual deep dips in ETH lately. Market's too bullish for even a pullback? Some potential market movers today:
And just as I wrote that we saw at least a small pullback. LOL. Let's see if we can get yesterday's close before attempting a long.