bad day in btc today as a big head and shoulder pattern has triggered and reached the first possible drop target which it is now currently wicking upward from. That target was calculated by not including the super tall bitfinex tether wick on the head that happened in october...the second target is about 1,000 lower than that and factors in that massive wick...there's still a chance to hit the lower target of course but because that super tall wick on the head was so manipulated to begin with we may only reach this first target instead...hopefully you all sold when you were given confirmation that the head and shoulders had triggered...I'd say now is a safe place to buy back in if so with a stop loss a few pips below this if it seems we may go for the lower target that includeas the massive bull wick in its calculations. One other very alarming thing here is that we have busted below the support line that has held strong since 2011. That's a very bad bearish sign. Hopefully however now that we have had this massive drop this will usher in the bull season potentially even before the end of the year if we are lucky enough to get one of those massive rebound bounces...For now though things are looking very bearish and there's still a chance we could fall as low as 4.7k on the bitfinex chart.