Since we have the 4hr MacD, threatening to hit a crossover, and since we have not yet had any meaningful correction from a whopping $400 - $610 recovery, my money is on $550 being broken to downside.
With all that in mind, Bitcoin @ 578 (right now) could yet be a cracking short trade, being sure to keep a close eye on how Bitcoin reacts and bounces of the $500 range.
the 4hr MACD is almost there, but RSI is not. We need another push to get RSI into overbought IMHO, then both RSI/MACD will be confirmed. Say, 580-600 again, followed by a pullback.
Looking a total cert now though.
This sucker is going down!