$BITCOIN - We Have a Great Plan!

Well, it was very simple. Firstly the chart formed a bullish triangle, but then it was changed to the symmetric, and now to the bearish one. That's the reason I always tell you to trade such patterns only by a breakout or a re-test.

Roughly speaking, the price is located inside the horizontal channel $8250 - $8565$. Before, we mentioned the support at the $8270 level, but now this level has declined, which is a very bearish sign. Bottoms of dumps are located lower and lower, the ascending support was broken.

All these facts tell us that current priority is downward. The range where we should start gaining LONG positions is located between $7300 and $7500. The breakout of the $8565 resistance won't change the overall picture, priority and the plan will stay the same.