correction could be over since we bounced off of EMA200 (Orange) & .786, but this recent rally makes me very nervous because:
1. Forming a on the 1D chart
2. About to run into EMA55, which will not act as resistance
3. Longs on Bitfinex are still very low - sentiment is still poor.
4. running into resistance
5. I think a would solidify positive market sentiment.
I will ladder most of my buys in the green box shown - 700USD down to 500, with a bias for the 600s.
#2: WILL act as resistance :)