Yes we know there has been a lot of blood spilt today, but the easy option for a TA is to perpetuate and copy everyone else. I am going to go out on a limb and call the bottom of the 5th wave down and end of the bear cycle. There is nothing I can really pinpoint as to why it should keep dropping apart from the FUD being spread around to create hysteria. The head and shoulders some Ta are talking about come from the hunchback of notre dame and a re not dynamically symmetrical. But by now the weak hands should have folded and the panic merchants have been purged. The chart has a nice impulse wave forming to begin the new cycle. The retracement has just hit the golden zone of the 61.8 fib and this should activate a nice wave up to the $7600 before another retracement down to $7100. From there the $8000 is in sight. We will need the $7600 mark hit within the next 24 hrs 0.94% to confirm a mini bullish reversal. If we drop below $6620 then wave failure will bring us back to drop to the next support right on $6000. Look for these signals. As always chins up and safe trading.