I'm posting this as a long....but I believe you will have to wait for the next big move. That was an intense cycle that happened today, and it will need to relax for a bit. I could see a bull trap in the near future but the likelihood of a major move up anytime soon is limited. Trade this channel if you're skilled, or just wait until we make it back to the bottom trendline before re-entering. Keep an eye on it. small caps are still unpredictable.
I've seen this type of chart develop before. think GAMEBTC and GNTBTC.
POLONIEX:FLDCBTC
I've seen this type of chart develop before. think GAMEBTC and GNTBTC.
POLONIEX:FLDCBTC
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Wow. So our bull trap was no trap at all, and we made a new ATH. Incredible. So this thing has provided close to 125% at one point, in a couple of days. This is why we love small caps. Still believe it will settle into a consolidation period, although my top trendline is now invalid. Keeping a close eye on this one.