Bitcoin - which way?

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
156 1
we are obviously in a bear trend so we heading down for now, but when will the bounce happen? 7k or 4k?
I'm looking at the same green resistance. Resistance should be somewhere between $6900 and $7200 resulting in a bounce. Possible inverse H&S could be drawn the next weeks. (left shoulder could be the double top at 11.5k, head is at our 7k resistance and right shoulder should be outside of the red resistance retouching it and bouncing off of it) Just my guess. But I like your simple chart. There is no need for tons of indicators. :)
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