Bitcoin is about to break downward like a pregnant lady's water!

Bitcoin broke through the 7k range with animosity, we are now approaching the last Bitcoin low of the year $6444. Imho that position won't hold and right below that is the weekly downward trend line, which due to it being really close to the last low and the velocity of the current drop, won't hold either.

I would not be taking any long positions in the 6k range, be careful if you do, keep losses tight!

Comment:

Forgot to mention that Bitcoin just broke down through the giant symmetrical triangle on the Daily Chart.

The yellow line we're approaching is the Weekly trend line.

Sorry I left my stop loss red line in there which isn't important to the motion of BTC atm.

Comment:

Bam! So on this chart, after a price break down Bitcoin did bounce off my first Support line in the 5800s. I got too greedy, waiting on 5600 and after the $500 bounce the last weekend in June I was forced to get back into a position, putting my avg price in the 6300s.
(Update: 7-5-2018)