BTC/USD- Profit taking? - watch for the Bears

We may see what DianK discribes as a bubble. Mean reversion tells me that this is likely if you look at the technicals.Proft take will occur around the Fib extension levels of the overall rise and the 1st corrective wave after the rise. I will be looking for shorts when I see a reverse fib occurs after price makes a LL compared to the last swing low on a lower time frame. Once price breaks up or down in this manner a retracement to at least a 50% of the move occurs. The fib zone and support are a beautiful coincidence - what I call confluence with the previous support level that becomes a role revesal setup where this becomes resistance. Iwill be looking at a long trade from the 50% support level.