Good setup while most people are bearish at the moment... Price range & volume is getting smaller as we move along which suggest an impending breakout.
"fomos" (fear of missing out) will give us a huge rocket boost to go up later :D I'm definitely going against the trend here with long, and that's a lowpro long with max margin.
Wow.. this happened way faster than what I expected. Just one gigantic 4H candle.
BitcoinGuru
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whats your target? 510. Usually a big candle like this will be followed by 2 other pumps if its sustainable. I am hoping for 530-560 in that range to sell if we ever get there. after that we will dump again back to the 400 I believe.
Maddie
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The target will be around 3036 :)
BitcoinGuru
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I think were not done yet ;) whoever manipulated this market with this shakeout is going to try to milk more from the weak hands. target is much higher before we head downwards again to retest 440 and lower. of course we will know in the next 24 hours..
Maddie
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2873-2969= +/-100
2936 + 100 = 3036
And than take a look @ RSI this is the target for the couple of days than we need to go below 70's on RSI and than back upwards :)
LastBattle
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I've already sold at 3015~3030 CNY range (488 USD).
Any rally after this is pretty much bagholder's ride where they get to hold the sacks of the whales for free as the price collapses hard later... I'm not going to chase after that rally anymore, just waiting for a good chance to open short after taking profit.
530 is certainly possible given the height/length of the bullish bat casted on the 4H timeframe. One thing for sure is that we won't fall down straight just yet :D consolidate around this area for the next 24 hours.
Maddie
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I don't get the target...
First u say it's looking bearish but this long sideways movement and the FOMO will boost us.
But the target is lower than were we're now ;p
BitcoinGuru
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been waiting for this forever now, hope the bulls can pull that trap Lol
Wow.. this happened way faster than what I expected. Just one gigantic 4H candle.