we are already below your short term stop

and i think it is too soon to start the celebration and open the champagne bottles. for now the correction is at hand and it may last a while (probably a week tops) and hopefully followed by a recovery to test $5000 resistance again.
and remember that we still have the drama of SegWit2x coming to us in a couple of months and that will be a big headache which i think will prevent prices like $7000 until it is resolved.
it can actually act like August 1st and do the same "push". with a big dip before and then a huge rally afterwards even to 10K