Don't let the market fool you.. We may not be finished!

Greetings everyone! That downtrend took longer than expected, but we're on our way although I did change the dropzone area because I believe we may only hit around $5,000 or above. Although anything is possible in this downtrend so I'd expect a lot of currencies to tumble VERY hard with BTC! We've already fallen pretty quick so I wouldn't doubt a bit of sideways movement before we move anymore. Shorting in this range is risky so keep a close eye we've already seen huge $1k candles before in one day or so, but we've always hit lower low each move, so just let this play out a bit longer! Also before we wrap this up check out the RSI and notice how each price point has gone lower and lower, but has been overbought more each time!

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Well here it goes!

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Still in a plunging market, and if you look closely looks awful similar to May 29th drop and rise.