Bitcoin fib approaching the 382 level

Bitcoin approaching its 382 fib. The run up and short term top in early Nov 2015 was stopped by the 382 fib. Took until May 2016 before moving back above the November highs. I'd be cautious. I would NOT short. I'd like be a buyer anywhere around ~6500-7000 range before the next rally starts again.
Bitcoin (Cryptocurrency)BTCUSDChart PatternsTrend Analysis

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