STILL BEARISH.
Barring any major movement (BIG pump) of BTC, the current week candlestick will be a red one.
A long, bearish week-candlestick that is.
With that momentum, I believe that the incoming week/s will be bearish also.
One or two weeks of downward movement.
Consolidation for a week or two probably.
Then the King will start rising once again.
The possible bouncing level is already given.
At 7500 to 6500 as previously posted.
Do note that when we plot the Fibo, that level falls at the 0.618 golden ratio.
Hence the probability of bouncing from that level is high.
I am expecting BTC to touch the 7500-level this coming week.
And probably dive a little bit deeper at level 7300.
Then bounce.
Just my 0.0001BTC analysis.
SniperShean