BTC Kicked over to the higher Downward Trend

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Just after I posted my previous trading notes BTC threw us all a curve ball. I personally sold a position I was holding that suddenly became a profit taking target as it pushed towards $8000.

Reviewing the chart now I can see that we are now pushed higher into the trend that will resolve in approximately 8 days downward towards the $6800 price point. If we see more sideways trading we are officially in confirmed breakout and if we see continued increase in volume we should see upwards momentum like we saw a few weeks ago.
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I'm keeping an eye on this now to see if we confirm a breakout of this trend or if we see a slow trickle back down to the 6800 price range.
Trend Analysis

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