Don't get caught up in lower time frame noise. The chart is still looking very bullish; no point in trading this right now until we get a decisive break either up or down. Levels to watch:
Upper-range I'm looking for a break above 560$ and 630$; first target 800$, second target 1000$ third target previous ATH.
A break below 350$ would be a signal for me to...
Apart from mining fundamentals, the market is mostly being driven by emotions right now.
This is not a trading idea, but a trading question; if this is mostly emotion driven, what makes the most sense;
A 50% drop, and a market that could take a long time to bottom out. (less opportunities for traders)
Or a 100% climb, leaving a lot more possibilities open for...
