22k should be hit relatively quick.
Either ABC correction with B wave from 10k-14k and then further down
Or double bottom on support after bounce
Anyway this is a good risk/reward
stop loss 9k
take profit 14k
Just check the FIB levels and the current trend line. Once the last FIB extension was hit you can readjust FIB levels and find new targets.
For now we have a weekly and monthly rally and such rallys are not interrupted so quick.
Because of this high and constant inflow of money we can only assume that all our methods for calling tops are not enough as the total marketcap of 60 billion is still nothing against the stockmarket or gold or anything else. it can reach 600 billion in less then a year.
Manipulation has a low impact on crypto these days (aside from the massive ddos attacks)
Coins are behaving more and more like stocks and because this market is very young and tiny sellers will lose most of the time, because they give something limited for something unlimited.
Thast why i did not short Ripple when i made the second chart. shorting is just bullshit against all the long opportunities.
Agree bubble is dangerous/unpredictable ( and i think significant part of volume may be be manipulated by whoever, organised or not, if people are not totally nuts and "really can't" wait some weeks or else get the idea to buy a few weeks earlier) .
so it is less simple math than mass psychology, so im back at the question why not suggest people a lower TP just to make more likely it works and avoid pushing the bubble? we could try to make markets a bit more stable than this.