https://www.tradingview.com/x/kjC6228e/
![download.png](https://cdn.steemitimages.com/DQmRGfX2QkLsgTBLSX7cZkJufyYfzYNqgD3Pfk9RwtxaTUr/download.png)

Looks like the 3 day consolidation is over and BTC made a new low for this downtrend ($7,223). I was expecting a bigger bounce to at least the $7,800-7,900 area, but price action is very weak. We should head not to the $6,700-6,900 which is next cluster of support. TD is on daily red 6.  RSI staying oversold under 20. MACD still trending dow.
It helps to stand back and look at the bigger picture before zooming in and trading the 15m and 1h charts.

### Weekly: Down
### Daily: Down
### 4 hour: Down
### 1 hour: Down

### Prediction for the day
We should see an acceleration to the downside under $7,200 towards the $6,900.

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