Bitcoin is dropping hard, but there's a big chance that it will complete a giant head and shoulders pattern because the tip of the right shoulder alligns with the long time trendline up. Watch for reversal signs around 7300-7250!
BTC reached the bottom of the downward channel and we can see it bounce back up. Price will go up for now, but keep an eye on it when it reaches the upside. The correction might not be over and there might be another leg down.
Personally I don't like this coin that much, but seeing this made me change my mind for now. BTG can reach 27,5 in a matter of days or weeks. The thing is that BTG depends very much on bitcoin, so wait for bitcoin to jump over 10.500 first.