BTC 4980

I am thinking BTC will continue moving downwards, ultimately to the .786 Fib retracement level, which is around 4980.

In about one weeks time or sooner, I expect the movement to reach the downward channel (black line) once it hits that, it will drop about 20% to the support at around 5460.
The 50 EMA in orange is just crossing the 200 SMA in purple at the moment so it supports this downwards move.