BTCUSD Down as expected, more to come

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Caveat, relatively new to charting.

That being said, we seem to still be in a main (1 day chart) down channel and recently had seen a raising support forming an ascending triange with a flat top.

the breakdown most likely will bottom at older fib resistances, towards 8500.
Comment: expect a bumpy ride down, with stops at 10K, and 9.2k and more.

Watch out for bull traps.

I am mostly shorting this until we bottom out :)


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