BTC on the edge of collapse/reversal

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bouncing on the long-term upper trendline, stuck between the 9 and 20 EMAs, also under a price action based horizontal resistance.

I have placed 3 Fibos, 1 showing the possible fall, and 2 to support the possible trend reversal out of the correction.

I am not making a move here, watching and waiting for confirmation either way.