BTCUSD Down as expected, more to come

Caveat, relatively new to charting.

That being said, we seem to still be in a main (1 day chart) down channel and recently had seen a raising support forming an ascending triange with a flat top.

the breakdown most likely will bottom at older fib resistances, towards 8500.

Comment:

expect a bumpy ride down, with stops at 10K, and 9.2k and more.

Watch out for bull traps.

I am mostly shorting this until we bottom out :)