This is a look at the daily TF and in conjunction with the weekly Having broke out of the Equilibrium bearish with a decent amount of follow through I am expecting a continued move down to the marked area.
You're right, but it won't be as quick as you say- capitulation won't happen until next year- mark my words. We hit about $2900 in December- rally to up to 6k, then begin our capitulation decent- in my opinion of course, ;-).