After the so called bitcoin "flash crash" the price is stabilizing in the 7300 area for now without much follow thru to the downside. On the daily charts the retrace looks fairly normal and it managed to stop in the area of a previous wave 4 of a lesser degree. Adding the fact that so far the drop is in 3 waves, this is mostly indicative of another 4th wave wave which ideally will develop as a triangle going forward. The lower boundary of the price channel has not been breached yet so I have to respect the uptrend and look for higher prices . The more conservative price channel with the "right look" ascent comes below and would most likely support further dips. In a triangle the most common pullbacks for prices are at .618 fib retrace of the previous leg so monitoring that will provide further clues for what is developing. A drop below the flash crash lows will change that vision and will have to re-interpret the counts. Keep in mind that the most aggressive runs will be corrected with aggressive pullbacks, but panicking about it never did any good so keep your head clear in the game , look for the main trend and opportunities to join while having a defined risk.