Looking at monthly i see a strong case for more weakness in December. has fallen through the 2009 rising trend support and has back tested this trend as resistance. If monthly does not manage to stay above 50 i think there's a high probability of visiting the 39-40 area this year or the beginning of 2016. This could mean for price to drop towards 8.3k. Quite the drop and possibly the confirmation of a market.
Looking at weekly i'm seeing the similar weakness as on Monthly. If manages to fall below 50 here it's back to the yellow where it will either make a or a new low. If makes a new low, it could mean that price will do a retest of the rising price and visit the 10k area this or beginning of next month.
I haven't viewed the perspective on high time frames for a few weeks and i was quite surprised by the weakness i found.
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