BTCUSD thoughts

Bitcoin bounced off major 50% fib retracement level(9953.44). Holding long until reaches 50% retracement short @14401 at which I'll exit trade. If it continues to rally higher and breaks the 61.8 (15674.46) level, thats my sign that the trend has reversed. Will look for new entry to go long by drawing fib level from 1-17-18 low to new high and entering at the 50% retracement. Profit taking will be at the new -23.6 fib level.