$BTC is still in uptrend.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Lots of FUD and talk but not sure if people bothered looking at this chart, BTC is still within long term uptrend channel , there is another trend line support just above channel trend line
Comment: $BTCUSD broke down from the purple trend line. Blue channel trend line is in play now. Not expecting $BTC to go below $7200, not at least in this wave, it must see $9-10k first.

Trade closed: stop reached: Closing this idea as Bitcoin has dropped way below the channel and attempt to get back into it failed.
Yeh, but did you zoom out further. There is bigger downside possibility than you are showing on that timeframe.
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