Friends and Traders,
We have broke our trend and our daily candle has closed below the trend line, so we are going down.
I AM NOT PANIC SELLING, bitcoin should touch down 6800-7000 area (about 6 % drop) and then come back up to 7500 to test the new resistance.
I will sell at break even without loosing anything in couple days, if we break through the resistance I will buy it back at the trend,
but the most likely scenario is we come back to test resistance 7500 and head down to 5000 area.
If I am only down 3-5 % when it seems the loss is low I might sell rebuy at 6800 trend line to catch the jump to 7500
Cheers
This is not financial advise, buy and sell at your own risk.