I predicted 555 last night, and it is headed in that direction, but I have a bad, bad urge to go all in, max margin long. Can anyone give me rational reason that doesn't start with the Huobi wall?
The Huobi wall has everything to do with rationality here. This whale accumulated thousands of coins on two dumps through 3600. And now he's heavily walled it up for a third.
The point is that this is massive accumulation. Sellers can't sell forever, and he is absorbing a lot of sell pressure with very deep pockets. The longer this goes on, the more limited downside becomes.
Just my opinion.