I hope you are right, but the counter point is that BTC twice today has touched that golden line and often time when price knocks up against a line a few times it then breaks through it. For example look at the golden line on July 3, 6, and then what happened on July 8. I absolutely agree that it is reasonable to think BTC might bounce from here but there is evidence to suspect it might not.
@BitcoinCensus, I agree..anything is possible when dealing with whales. But know this... they are not online making buy, and sell orders manually. They are programmed bots. With that said, in the mind of an evil genius, I would intentionally create fake outs to the up side or down to induce retail confusion