Just my thoughts on a potential downside for bitcoin for the next week or two. Looking for a decisive downside break of the short-term uptrend and the neckline of double top. This would give double confidence of a move to the downside with a target price of $5900. I, personally, will be closing portions of position anywhere in the range of $6100-$5900 unless...
Descending right triangle is still in play. Recent Rising wedge gives increased odds that BTC will get rejected at 7,500/yellow trendline and retest 6k or go down lower.
