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I with you (highlighted). I think traders expecting another rally to unprecedented highs are delusional and will get caught out if (when) we hit a high and head back down. Its part of the characteristics of wave B.
I'm expecting at least $650 and open to reach $1000, but doubt this is the big mega bubble wave some are suggesting.
My opinion though,could be wong.
Meanwhile, Tzupy, does this mean you are bullish?
The evolution of the bid sum on Huobi for the last 30 days suggests an upcoming pump.
I am moderately bullish, but I try to keep an eye on Chinese whale manipulation. Closed my long yesterday at 452$ and now looking for a new entry.
If the market will reach at least ~480$ and then find support at ~450$, the ~800$ scenario will become probable.
If we go slow up, fail to make a significantly higher high, and then break support at 450$, then IMO we'll test 300$.