The overhyped rebound on bitcoin was overly hopeful, technicals will be your friend in the coming months. If youre an active trader watch for a small rebound and then short after 4500 gets rejected. 3080 target for next buy and even that will be bearish and only a decent buy for a short period. I will continue to follow update my charts.
Current strategy: Buying at downward range of channels and scalping in the upward channel ranges, stop losses when the trend begins to shift into a new downward channel.
Outlook: Until a definitive direction is confirmed i remain short on this position.
After a severe stress test to the Ether chart things are starting to look bullish. Eth/paired alt coins are pulling back as well and Eth is climbing respectively. Although, I am not long on this position at the moment, but the short term potential has a great risk reward ratio.