As the Chinese are preparing to sell, it will trigger a chain reaction of panic selling.
The Australian auction will cause the initial massive dump and we could even drop under $200 if the market is as weak as i suspect it is.
There may still he a little profit to make here but be careful, these will be bloody streets soon.
I think we are near the top of bull market, and when BTC will fail to break new high, probably we return around 200. But first, don't go against market: at the moment we are bull. Then it will be probable some fast retracement to 520$ before try new high. Only an H&S or a Double Max should be the real signal for a debacle: and now i don't see any bear signal!