Such a nice bottom, it was worthy of a second touch...
685
Short tern traders can see the obvious fib and channel resistance above on the hourly. That remains a good target for the shorter term swing trader. But a look at the daily and I want to remain long and strong. It's literally a text book Elliott count. Simple correction in the Wave-2 followed by a complex correction in the Wave-4. Support found at the 38.2%. A double bottom check on the support via the hourly. A stop below the recent pivot low as the potential Wave-4 low and you can get this with a 6-to-1 risk reward. Yes, I know it's likely to be choppy with the scaling issue hanging over BTC but if you wait for it to be "safe" you'll never be in the market. Get a piece even if just a small one to be there if it starts to run as the Wave-5.