BTC is about to complete a five wave impulse down. It is only missing the last two subwaves. I guessing that wave 5 will reach the bottom of parallel channel around 8200. After five waves, there is a correction. I simply took the 0.382 and 0.618 Fibonacci Retracement.
Trade 1 (short): Open: 8440 Stop: 8550 Target: 8250 Time Frame: within a day
Trade 2 (Long) Open: 8250 Stop: 8120 Target: 8580 Time Frame: 1-2 days