<h1>Still On The Way Down</h1>

Don't shoot the messenger but I'm just reading the charts and inform you what I see :) I'm not concerned at all about Bitcoin in the long term. I see this bear market as a wonderful time to accumulate cheap bitcoins. 

If you read my previous post, you can see that I anticipated a peak at $6,900 area and we almost hit that target. We're on the path down to $6,500 again as we failed to break RSI resistance.

<h2>Short Term View: BEARISH</h2>
- As expected,resistance at both top of channel and RSI held.
- Most likely will see a bounce down to $6,500 area again like projected in the previous post.
- RSI is resting on a support line that needs to hold. If not, $6,500 is next and then down to the support line of the bigger channel which is around $5000 area.
![Screen Shot 2018-06-20 at 09.26.16.png](https://cdn.steemitimages.com/DQmW943KAxaZB9pTtTix4QpguC3Q3ZH5yGp5zgQpZSHxPgT/Screen%20Shot%202018-06-20%20at%2009.26.16.png)

<h2>How to trade this scenario:</h2>
![Screen Shot 2018-06-20 at 09.45.38.png](https://cdn.steemitimages.com/DQmTnaMKY6XG7ew4mXm8dvuuo67XkNxiuR6hWs2d98G36yH/Screen%20Shot%202018-06-20%20at%2009.45.38.png)

<h2>Benkalashnikov Fund For Charity</h2>

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<i>Disclaimer:
I'm not a financial advisor and these are only my opinions. I don't take any responsibility for any investments that you make based on my analysis.</i>