Bitcoin: BTCUSD For what it's worth right now, and looking at the bigger picture and pattern developing in first moment of calm since rising from bed, believe that Bitcoin is most likely to bottom at 5098 - a long way down from here - that view will only change if Bitcoin continues to hold up around current values and then turns up and breaks through parallel as described earlier...unless and until we see that Bitcoin is still very vulnerable - don't look to play this long unless 6515 is broken on upside - look for shirting opportunities and use stops to stay safe....can you see the stop? is it close by ? then trade for small loss if wrong.
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last thing: only way out of this for Bitcoin is either a big crash from her (what we want) or we get what we don't want, which would be for Bitcoin to find support at 6300 when it comes off, and then moves sideways out of the control of the central and upper parallels...bad for bears obviously - Bitcoin could then turn if it can manage sideways movement from 6300 - so watch for this possibility...that means we're more likely to be wrong on the short....and if the stop around 6550 is broken we are wrong side of this...get long for 400 points to 6940 and then short again from there. Need to be prepared for this to snap - either way, but preferably down!