My problem with this particular TA is that it seems to show another 20% or more of DOWN.   Such assessment could end up being true, but I am more inclined to conclude that BTC prices are at or near the end of the downward loop.  Certainly, doubts can exist while BTC prices are currently testing the support at the lows of the current consolidation range.  Will support hold?  Will support hold?  I think that chances are decent that support will hold, even holding above $6500.... but I also am not so much into fantasy land to deny that I could be in a bit of a state of wishful thinking.  Yet the fact of the matter, is that no one (including whales) really knows at what price points the support is going to hold or fail to hold... even though some whales might know whether they are running out of coins to dump or if they happen to have 20k coins (or some other decently meaningful amount) that they can dump at their discretion.