Bitcoin has a lower week and day close atm. Bounces will likely fail. Pa is bearish, chances of 6812 area being tested are real. A day close below 6812 is not a bullish signal. I still lean toward the sub February 2018 targets on the basket. To get below February lows in bitcoin, 6812 is important. Atm some resistance is expected at 7787.76 on the chart. A day close today below 7787 is  bearish. Getting closer to 6812.47 may cause a bounce. Getting below 6812.4, then closing a day above may cause a bounce. The strength of bounces are never known. Although I expect it to go lower and attack 6812, this is a point of less certainty for me. Places like 6812 can create large rejections before proceeding, or turn a trend. I continue to lean toward a new lower low with above 6812 area disclaimer.  


Pa charting has nothing to do with owning or not owning Bitcoin. It should be taken with out a bias. 

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