What I would expect is a pullback up to at-least 750 area, that would be the scenario. If it goes it could push to 1000. Either way I think it will be a nice play should it make the bounce around 600. Need to see divergence to play though.
Can be played with margin @ https://www.bitmex.com/register/FGkrGW > 5x would be safe, 10x more risk but if it was to play out either scenario it would be 25% x 5 or 10 but hopefully 65% x 5 or 10. Margin trading is very risky never go all in and don't be afraid to stop out its always better than getting liquidated dont believe me check this out > http://antiliquidation.com/
Will update the the alert pops, if it goes from where it is now its a no play for me, not spending the weekend watching it.
The bitmex chart is a bit different and messier more choppy. But same thing applies. I have a buy set at 593 and going to do a stop around 580, might be being greedy but I dont want to sit and look at this for hours, so easily done! Will do that for now and check back in a bit see does it get filled.
Bitmex one is a bit different, it is futures but same things apply.
I hope ;)
I think around 900 - 1000 for normal, sell your shit above 900 is a good thing.