As we can see the price is moving to a fibonacci zone and fibo-zones are potential reversal points to watch , If the price rebounds from the current levels and zones , market will go down and we must look for a confirmation to setup a short position..
Look at Fibonacci retracements and extensions to see how they can help us in both trending and countertrending markets.
Sideways ranges and upward movements after breakouts from these ranges...
As you can see there are some reasons that i'm still long ,also according to my latest idea about current state of BTC , i've still believe that btc market is now acting as a countertrending market until it can gain enough momentum and make a higher high to find a breakout at the top of it's sideways patterns with increasing distance each time at a fixed percentage
The EUR/USD is now touched the strong line of 1.32 and if the currency pair would go below 1.32. we might be looking at 1.2972 or 1.2846 as the next bearish target.