BTC/USD Short It, but don't get too excited!

BTC is in consolidation right now, forming a "diamond" which usually leads the price to its height in the breakout direction. Since the trendline has been broken and locally the trend is bearish, I think BTC will continue to go down right to the descending channel middle line support, then bounce and probably retest a newly formed yellow channel, and from that point continue to fall right to approx. 5800.