@simonklasz, There's an algo attached to this price action. It's target is $194. Unless the 61.8 breaks any pull backs will be bought. I try not to make "predictions" I just follow the algo footprints. By the way, algo's in the market is good news, as "they" are predictable.
@simonklasz, No way to know. If it tops, you draw the next extension. If it blows through... you keep the same anchor and draw from the next new high. That's how the algo attached to this price action will respond.
@tradedevil, sounds right ! I will be traveling this weekend and won't be able to watch and trade so I'm hoping keeping half my position in right now will be a good choice . When you say tops that corresponds to hitting the previous resistance level ?
@simonklasz, Only the majors. You need volume for these patterns to maintain accuracy and the big players aren't f*cking around with random alt coins... Stay with the top 5-7 in trading volume. That's where they play...