I'm glad to see you came around to the bull side. You seemed really bearish a week ago.
I have been always on the bull side as far as the large picture is concerned, in fact I have more interest towards price going up, I just like to keep a neutral look when comes to day trading, my last week bearish look is still there, the current/short term is in fact still bearish, we are still trading below the 20SMA on the weekly and we had a the 5SMA crossing below it as well, which means 8900$ (5sma) and 9900$ (20SMA) are not bad positions for shorting at all, but given the fact that the overall picture is somehow bullish, any short position must be done very conservatively.
After all this whole correction is creating a large bull-flag , the target of the flag size alone is good enough to hit 20k , let alone the pole size target, while I will still look to short those areas if I get the chance, I am also considering my plans of going long.
There are many good trading opportunities here, but to keep this thread simple, let's just say that things look pretty bullish overall.
Interesting that you thought the bull market lasted a year (and that you're assuming this is also another bull).
It's about 2 years for the BULL market, and only 1 year for the Bear.
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(that's what you meant with ATL, right?)
That was a typo, i meant to type ATH , by the way ATL is also a possibility, but it sounds as realistic a time machine
