BTCUSD seems to be enjoying a ride down a Fibonacci channel, ever since engaging on a Elliott 1-2-3-4-5 crash pattern like it did in 2014 and like the many other crashes you can find in other markets. While I seriously doubt that it will go anywhere close to the bottom again, I'm using the steps to trade accordingly. Will have a good look at volatility once it breaks out of the channel and maybe consider a buy... until then, down is the way.