This baby is wild how much it has went up and I know absolutely nothing on its fundamentals.
The technical shown on this chart is from the top at 121,000 satoshi falling all the way to 35,000 and that drop was just a mere correction. Does this have legs left higher, definitely be careful but if this can break past that key high which is currently in test now than it may have another good leg higher.
According to my calculator (H/L)^1.618*L the upside target is set at 260,000 satoshi if it can have a standard leg higher based on this correction.
ONE HOUR CHART BELOW:
DAILY CHART BELOW:
Its way over extended which is where the risk comes into play but on the situation of that resistance break and a clear one than I will look to go long for a quick nice scalp
Derek.
