I'm seeing the same exact play....in a different way but the levels are in sync....but if 7700 doesn't hold BTC is in big https://trouble...https://www.tradingview.com/chart/XBTUSD/LhSKsmmo-BTC-at-a-critical-juncture-bearish-rising-wedge-visible/
What you will see in my chart (besides that i called the mini crash 25 minutes before it happened. Press the play button on that chart, lol.) is that we broke down from a bearish wedge and have dropped down from a larger symmetrical triangle. I believe that the bottom of that triangle will be retested and it coincides with the level that you are calling to short. Pretty cool that different analysis can produce the same overall view of a potential trade...so yeah if we test the triangle and are unable to get back into the triangle then we will fall straight to 7700....weak hands will exit their shorts at 7700...but if 7700 breaks then 7400 is the next support and it isn't all that strong....thus 6.4k is in play. Then 5.5k....wow, I hope we don't fall that hard, but there you have it. Good job on your chart there. I hope you check my chart out.
What you will see in my chart (besides that i called the mini crash 25 minutes before it happened. Press the play button on that chart, lol.) is that we broke down from a bearish wedge and have dropped down from a larger symmetrical triangle. I believe that the bottom of that triangle will be retested and it coincides with the level that you are calling to short. Pretty cool that different analysis can produce the same overall view of a potential trade...so yeah if we test the triangle and are unable to get back into the triangle then we will fall straight to 7700....weak hands will exit their shorts at 7700...but if 7700 breaks then 7400 is the next support and it isn't all that strong....thus 6.4k is in play. Then 5.5k....wow, I hope we don't fall that hard, but there you have it. Good job on your chart there. I hope you check my chart out.