I reckon the fall from 300s is the beginning of wave5 down, of which we have only had wave I and II so far: I think this evening we will have a bit of further capitulation and margin calls to bottom wave III out(210-215 ?) and begin wave IV up (to 230s ?) ... then further doom ... dear oh dear!
For BTCs sake I hope this rape(wave5) stops around 100s and moonlaunch does eventually materialise: some more hopium puhleez.
will start closing shorts around 215/if we break above 230s, and expect to short again at higher levels, though like the previous time, I don't expect the correction to last very long.