the yellow box is where a lot of ppl went long/short. volume profile shows it.
IF this goes up, it can squeeze the shorters into a margin call around $300 to $303. after that the "bullish" momentum should be completely gone so we can resume the correction sideways or down. probvalby down. back into the 270s area.
my play is stay hedged, and if it fomo spikes up, short the shit out of it in the red box. this chart is only valid for about 24 hrs. if we sideways for another 24hrs and then leg up, it becomes more bullish because of time spent consolidating. the 4h macd crossing up should give us the spike.
IF this goes up, it can squeeze the shorters into a margin call around $300 to $303. after that the "bullish" momentum should be completely gone so we can resume the correction sideways or down. probvalby down. back into the 270s area.
my play is stay hedged, and if it fomo spikes up, short the shit out of it in the red box. this chart is only valid for about 24 hrs. if we sideways for another 24hrs and then leg up, it becomes more bullish because of time spent consolidating. the 4h macd crossing up should give us the spike.