This thing is bound to go red and hard. This is one crazy chart and once the profit taking starts. Its gonna be crazy!
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Sorry. Correction from down 16.5% to actually down just shy 19%
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Folow up to previous updated comment. as mentioned that it could break or rebound, this rebounded of support beautifully and with force off the shoulder break line at 21%.
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This actually worked out beyond my expectation. Rode the short for a 13% gain. Went bullish when it forcefully bounced off of support and made an entry which I have no cashed out of for 30%. All in all it was a gain of roughly 44% on both sides of the trade. This could go blue sky but I am out and happy!
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Very happy with this trade and not hoping for blue sky. Always take profit.
dafster
Good luck and safe trading!