We have had some strong selling moves this weekend which could mean a potential Reversal or at least some significant Profit taking. The fib levels do retrace to an approximate 10% gain to the short side. The SL is very aggressive and maybe taken out over night (standard BTC manipulation) Therefore I have left my stop open and not overly leveraged so not too much of a concern!
Comment:
Managed a few quick trades off this analysis. Crypto currently too bullish for countertrend swings. Will stick to scalps until reversal confirmation (he says)