After the most recent massive sell off we have seen some smaller dips. It appears that we are in a descending triangle currently. Today it did dip below the support line to shortly rise back above. The resistance at 6300 is strong along with our ichi cloud that had been very accurate during this down trend. I would say a short position at 6300-6250 is a good move with a stop loss at 6325. 5800 almost seems unavoidable at this moment.
Comment:
My ascending triangle analysis has failed. BTC tried to rally but was halted at 6314 at ichi resistance. Still at good entry for shorts. My 5800 target is still in play.