I have bought BTC to early so I will be waiting on more confirmation to enter the market this time. If price breaks the we will see 8370ish or the 23.6 retracement level before heading up.
I have drawn some projections to check where price may stall and head up from this area.
The last swing was 289% - from the made last week and to the fib level of 241% and a 161.8 of this move we have confluence.
I will be looking at this area to scale.
My price projections will change if/when we break the daily .
You have larger trends on your chart but I think you are missing smaller details to make picture more clear to see what's going on. Smaller uptrend last night was broken, So downtrend is at play. Things can go either way right now. So, personally, I am all cash (I can't short :( ), until there are clear signs of reversal. I don't want to be taken a slaughter together with other bulls: