looks like we could be in for a temporary consolidation with visiting 2800-3500 levels.
valid with price below 4480-4500 level. If 5000 is reached go long.
Happy trading
Trade closed: target reached
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Target reached.
We could see more consolidation in the low 3000s the next hours. I rather expect a second Breakout above 37000 - then a retrace to 4200 - 4500 levels is likely.
If trend turns bullish in the next hours/next week, dont forget you will have to operate with the option of a second flash crash in case the closedown of Huobi/OKCoin is announced next week.
So far for mid trend factors. Makro trend stays positive. fundamentals havent changed. adoption is increasing.
consolidation to 2900 level: check
retrace above 3700 to 4100 level: check
Wait for crossing former retrace level 4130-40 to go long on max leverage. In that case its bound to go back to high 4000s and consolidate there a while before moving upwards to new ATH.
Otherwise dip to 3.3-3.500s this weekend possible. In that case, wait it out.