Will it break the pattern? Let's see it go down!

Seems we failed to test 11800. No we're on our way back down. The pitchfork on the 4 hour shows we're deviating from the trading channel that was created at the moment of the 5894 correction point till now. If it holds and continues out of this channel, we're looking at a pretty bearish few days ahead. Lets keep an eye out!

Trade active:

Entry point avg for short is 11644.

Deciding profit points as it consolidates. Will update in the morning.

Comment:

Stop limit set to 11550 to cover profits and leave room for the local resistances we broke on this downtrend. If they hold, we're in the money. If not, at lease there's a little bit of profit made with little to worry about.

Comment:

So far so good. BTC just took a major drop passed a very long term support. Next stop 11k psychological then we're moving towards 10800. Break that and we're gooollddeenn!! Best of luck to all :)