Current price is 8322. The idea is to enter short now, if not already in. Initial stop at 9190 with an initial target of 6483 and a second target if we have a downside breakout of the triangle of 4.500 area.
@WilliamZysk, I take the previous high. If we make a new top below previous high, then we are officially on a downtrend. Even if we are outside of the triangle. When this new high will happen then I will move my Stop Loss accordingly. BTC has high volatility and I usually do not put tight stops on entry trades, but I move as market develops on my side.