We are currently sitting at monthly resistance @ $640. I am expecting another move up (squeezing premature shorters) for an optimal short entry at $655-680. Target $560-540, followed by:
a) retest of the upper zone .
or
b) squeezing the longs (and inneficient miners)
Long live DanV, master of descending red arrows!
a) retest of the upper zone .
or
b) squeezing the longs (and inneficient miners)
Long live DanV, master of descending red arrows!
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Similar analysis for OKCoin Quarterlies. Binary scenario, we could sideways here for a while then MOON, or we could break those supports and proceed with the long squeeze.
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$626 held, still no signs of correction. This might run to $720
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Fibo-extension targets: $680 (1.382) and $695 (1.618)
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$720 hit, time to be very careful longing here, we could be near a significant correction ($600 possible)
