Bitcoin is dropping like a rock now on extremely high volume. Bitcoin plummeted right through the $7000 level all the way down to $6685. Bitcoin is hitting RSI levels in the single digit on the 15 minute charts and are in the teens on the 4 hour chart. The one day chart is about to break into the 20s.

There is nothing more to say at this point other than to just wait for consolidation.

We sold off all out position earlier and are now scaling back in slowly.

4 hour

1 day

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(We are not professional traders this is just our opinion. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.)