BTC breaks downward from ascending channel finds support at fib

My stop loss just below the 50ma has been triggered and we have dropped down to find strong support once again at the 23.60% fib retracement line. I anticipate this line will hold and start forming a bear flag most of the day. For now I'm switching to neutral. I will go long if I see a bullish break up from the bear flag which I anticipate will be the outcome...In earlier trading ideas when I was describing what hints to look for if the Adam and Eve bottom is valid I said it would soon likely dropdown to this exact range so so far it is simply going by the parameters of the Adam and Eve double bottom. It is this coupled with all the news of big institutional investors getting into the market that makes me believe we will break upward from this developing bear flag. However if we break down from this bear flag I will most definitely be shorting...however if we continue downward under the current fib support my guess is we wont spend time forming a flag and will instead dip below fairly soon and that if we form a flag the upside is much more likely...therefore I will go short if we close below the fib line and plan on buying back in either at the previous low of 6450 or 6021. I believe currently all we are doing is creating a new higher low....which will allow us to achieve a higher high afterwards just by reaching 7200. Neutral for now though until the next break.