A clear W trend reversal has emerged. To the newbs - A correction is not a 1 hour event. Historically 4-5 days before we see the bottom. We May retest new ATH, if we fail to break it we will see a large needed correction.
Notice after ATH, 20% pull back, recovery, then sideways movement. This is textbook for BTC. Everytime weve had a major correction we have had this setup. Get ready for a long sidewinding trip down.
Do not panic, a trip to 6600 - <8000 will be brief, before 2018 we will set a new ATH.