IMO a good Level could be the actual 38,2 fibo-retracement @ 595 - here you secure 125 Points of the Position.
I would prefer to Close half of the Position, so the rest of the Position is riskless!
The anticyclical thinking Traders could opene a shortposition at the actual Level. SL should be the last High at 694! TP1 could be 595, TP2 565/ TP3 534!
Good luck guys!
Entry was 470$ ( i illustrated how to catch a Breakout of a bullish Triangle)
Today i wrote that i would close half the position at 678$. The rest of the position was kicked out per sl at 664$, in sum, the trade made 671-470=201 Points or Dollars!
I hope this example was useful to you. Bitcoins seem to be very overheated and overbought at the moment, If i see the next clear trading point, i will illustrate it. Like it if you like it :-) thx