I've set alerts and pending orders should Bitcoin take another dive down. I've been trailing stops from earlier swing trade positions which are now resting at $6,300.
In line with the current down trend, I'm looking for areas to add to my position.
We can see a bear flag is setting up along the trend line. A break here would likely result in a long red candle and would be numerous trade opportunities on the alt coins.
I'm hoping to take majority of my position off the table at $5,600.
Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.
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Only a matter of time before Bitcoin breaks down. Don't be intimidated by any pumps higher unless its above the red line.