Strong BTC price action, looking for higher levels

As we had proposed in our previous update BTC looks strong to travel to higher levels. We finally broker above the range that had been forming the last days. Volume is looking really good on this pumps. Ideal entry for longs would be a retest of the range high. Target remains between 3800 and 3880.
Due to the fact that the Daily highs were taken I expect a minor retrace here to trap more shorters.
LONGS : SHORTS ratio has been quite high already but there is still room left to shake out shorters and trap bulls into the market. After this move up I would expect a sharp breakdown that will eventually lead to new lows.