Limit buy at 5,850
Sell bounce
Limit buy 5,100
Hodl
Bitcoin is prone to 30% and 40% corrections specifically after small parabolic runs. Levels that I am closely watching are the 5,850 and the 5,100 which are 30% and 40% down from the last top.
Both of these levels coincide nicely with the fib retracements of the last move so I am expecting support at both of these levels.
RSI will have momentum coming down to trend line from overbought territory and should find support on the 47 level.
Sell bounce
Limit buy 5,100
Hodl
Bitcoin is prone to 30% and 40% corrections specifically after small parabolic runs. Levels that I am closely watching are the 5,850 and the 5,100 which are 30% and 40% down from the last top.
Both of these levels coincide nicely with the fib retracements of the last move so I am expecting support at both of these levels.
RSI will have momentum coming down to trend line from overbought territory and should find support on the 47 level.