After a strong impulse out of the 44-45k range to the 48-49ks, bitcoin is losing momentum and is trading in an expanding triangle where each impulse to the upside results in a +100% retracement. I expect the price to have a plunge to the 46k before any further move upwards. Bitcoin is having an extremely choppy price action recently with a lot of noise in lower time frames and can easily get me stopped out and reverse back down; that's just part of the game of probabilities though. It would even be wiser not to trade at all in such circumstances but I'm willing to take the risk. Cheers!