Although we had some of our buy orders filled we have revised our analysis and with the 8200 support broken we are anticipating 1 more leg down to test the significant 7900 support level.

We are anticipating a rejection of this support before going long again.

On a side note we have created a custom index chart of the top 10 cryptocurrencies on tradingview which we are using to determine the overall health of the entire crypto market and not just bitcoin. We will post this later with our technical analysis of it.