Current scenario looks pretty familiar to June -- extended impulse wave followed by a very long consolidation triangle. Last time we broke down. Watch out, and consider a short around 16.3k.
Unless there is not all that negative China and Jamie bashing crypto going on which it why it fell so much...... The news in the summer caused the market to fall further which is likely where him and his friends all bought into bitcoin. But now i don't think we will have a big drop after the triangle unless there is some really big bad news for the crypto space that causes another big panic, which would be good because all the buyers will pull it back up and the BIG FOMO will begin again with everyone who is on the sidelines waiting for this thing to turn around jumping back in so they don't miss it since they know this thing will continue to grow due to limited supply....