Either way, the top of this channel looks like a good target for longs if you've been long. What happens after that is what will decide the overall trend. We will either make a higher low and continue up or crash down below baseline support, which is a bad sign.
It all depends on the speed. If we approach $310-$320 sooner rather than later with large , then it's a short signal with a lower low on shorter time frames for confirmation.
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Although there was a pullback, it was not the big one I was expecting. However, we are still approaching the trendline and we look like we may still get our major pullback. Staying in fiat for now and waiting for a signal. The market is very overbought on the 3d and volume is decreasing as we rise into strong resistance, all signs that we may be reaching a top here.
This was not a clear-cut parabolic run like the last few have been, but all the same, it may be time to think about closing those longs, taking profit, and sitting comfortably in fiat until the signal to short comes. It may still rise a bit further, but it's on borrowed time at this point.