With last nights pump we tested the 50 Day EMA, we got a strong rejection off this level confirming the downward momentum towards the 0.786 Fib-extension ($17755) with the high probability of it breaking and closing below this level to test the bottom trend line at $15800-$16000 range. I expect a dead cat bounce off the 0.786 Fib-extension with it topping out around 19500~ before going back down to retest the 0.786 Fib-extension again and eventually the bottom trend line of $15800-$16000.
