$BTCUSD structure still bearish despite rally since AugustBitcoin / U.S. dollarBITSTAMP:BTCUSDbenjihyamIf you zoom out on the chart, you can see the recent rally in BTCUSD has taken us to retest the prior breakdown as resistance and now price looks set to fall going forward. I think it's possible that we see $30k or below going forward as a capitulation move now that everyone believes the bull market has started and has gone max risk on. If you use Heikin ashi candles, you can see the recent move down last week has already turned the trend bearish. Let's see if we see continuation lower and one final move down to mark the low of the cycle. I'll be a buyer if we get down to some of the lower support levels. Max risk to the downside is the bottom support on the chart. Will update the chart as I start to see things shape up.