This rally has been a beast. I can't tell you when it will end, but I can tell you why. When prices get too high for the bids to support them and a critical mass of shorts capitulate, it's over. Volume will be your tell. Volume has been falling but I could still see more lighter volume melt up to 800.
For the most part I think just watching the wave 4 is the right strategy. I'm going to try to manage my core around the ups and downs, but I'm going to wait until we have more clear direction and this thing is closer to burning itself out before hitting it big.
Pepe Escobar: Daesh, Creature Of The West
1 hour ago