I'm currently in another long on BitMex after getting stopped out in profit the first go 'round. Though I do think it's possible that the recent drop could've been it...we saw an almost perfect 0.79 fib retrace confluent with a daily breaker from the 40% pump a few weeks back, a setup I have been watching ever since the pump, and a pretty ideal set of circumstances for an entry that I use on all timeframes.....
BUT.....
Let's not forget about the Daily Demand. Let's not forget that Daily Demand retests have been where you would've caught every single bottom before a rally since April. The local one around $7400 is one to consider, but there is also this UNTESTED one at $5700(yikes). Just something to keep in mind moving forward.