Looking at the chart above. after the re-tracement that leed the coin to March low ( 903.99) the bitcoin rose by 68% in four months created it's high at June (2879.82). Along the line there was a strong resistance level that was found at May (2734.90) this level was broken and made a new high at June (2879.82) in a week time, the coin broke back strongly below 2879.82 level which leed to a strong BULL TRAP. As a result of the BULL TRAP, the coin fell 34%. The next week price re-tested 2734.90 level which has now turn support to mark as sell entry the coin fell sharply to it's targeted price at 2204.00 (Major Zone) (for those trading standerd lot size that should be $84,441 profit made) any strong bullish setup within the zone will indicate continuation bullish trend. a strong break below the zone will indicate continuation of the bearish RE-TRACEMENT. Note: Don't foreget Technical Analysis is an act form and less science HAPPY TRADING!!!!