In my previous chart i laid the setup for a potential breakout, i didnt foresee such powerful force .
It completely obliterated my target of 645 in a good way.
Now that the hype is over, the base is set for the uptrend continuation , we are out of the "gox scandal downtrend" and trying to penatrate the "old" more solid downtrend, that now acts as a resistance. If we succeed in pushing trough and getting above that one, it would mean a solid reversal and potential reach for a new ath or retest of the ATH in the mid term.
It completely obliterated my target of 645 in a good way.
Now that the hype is over, the base is set for the uptrend continuation , we are out of the "gox scandal downtrend" and trying to penatrate the "old" more solid downtrend, that now acts as a resistance. If we succeed in pushing trough and getting above that one, it would mean a solid reversal and potential reach for a new ath or retest of the ATH in the mid term.