Maybe it's the time to take a breathe and go looking for new bulls. Tactital short position with 9% profit target.
After this suffered period, bitcoin could be ready to stabilize the real middle term long trend. We fall down almost at 300 bln of total capitalization, in my opinion an optimal point. No words to say, let's see!
(If) Broked the red support trendline i expect that the fall continues tomorrow too, rsi and mfi suggest a lower strenght of subjects in purchase. I will split the position in three parts, when profits are reached (30% of the position is the first one, 40% the second) the stop will be revised. In my opinion, final target is the lower red trendline.
Near time to short. New pickfork, swing and confirm bearish period. RSI confirm, volumes confirm.