BTC could potentially rally up to the 7800 resistance level before taking a major dive, but with that said, a major sell off is eminent. I won't bother with typing out all the price ranges as it steps down, but I did tag those prices on the chart. Most people know that FIB extensions are 80% accurate if the predicted trend direction is correct. If you notice, I did a weekly candle chart this time to show you just how severe this is. We had a solid 4 weeks of buying as expected but if you look around the chart, you'll notice what happens when we get weeks of gains. It's hard to predict the exact day, but i'm personally looking to open a short position on thursday in order to get ahead of the weekend sellers. My position will be low leverage so spikes won't cause me to panic but still produce profits during a massive drop.