We have been struggling in volume and we only see volume pick up when we start selling which is a bad sign. We are in a descending wedge which could break out bullish but based on market conditions and sentiment we are most likely to continue bearish. Volume is low and dropping off as we continue our slow drop. BTC could break out above or breakthrough, but again the most likely almost inevitable scenario is a breakdown below which should put us at target range of $5.5-5.8k. If we see volume come into support this range and rebound us up, then we may see this correction end soon. If we instead see massive panic selling then we are heading to 4k range to hopefully find support there.
Let me know what you think, if you have any questions or comments.