I feel the same, instinctively it feels like a long way down, and maybee it is. On the other hand the market overreacted on the reconsideration of Bitcoin as ETF by the trade commision and on the BIP91 lock in- and activation. What are the real fundamentals of the tremendous 2017 rise?
This is textbook technical analysis, and as you may know, chartists say that the price already reflects all publicly-available information. So who knows? Let's see if it breaks through the black baseline.