Everything on the charts could indicate a huge bullish breakout and all you need is one whale to drop in and sell 10,000 coins and knock the price back down.
There was a trader who had some massive leveraged trade on worth millions recently. The price shot up against all the odds when he started the trade. Unfortunately it went wrong and crashed the price afterwards even though TA experts expected it to go up. The trader lost millions of dollars. All it took was one whale to change everything.
That was on Huobi, he went long for 40 million CNY at very top and got margin called.
and that is why you don't margin trade volatile markets, especially bitcoin. somebody simply ate him, could've been the exchange itself. if he'd just bought coins, he'd have coins no matter what.
