Following the "standard bubble pattern chart" atm we are almost at capitulation once this bull trap is gone, after that we might see a fall into 3.5k-4.5k which would be a despair phase and after that a return to the mean which would be around 5.5k-6k
Currently Longs are 3.7x the amount of short which would indicate we might see a capitulation soon
Highly risky
Currently Longs are 3.7x the amount of short which would indicate we might see a capitulation soon
Highly risky
Comment:
Longs/Shorts went down to almost 2x which might invalidate this trading idea, for now let's see