I haven't seen such a strong down draft in the technical indicators on BTC in some time. While I trade all other cryptos with a mix of Elliot Wave and technicals, the wave extensions in BTC have gone on so long that I trade pure technicals with the fibonaccis starting to become useless.
On my chart the volume indicators (TSV and BOP) are pushing hard down like I haven't seen on the 1HR bar chart in some time. price is somewhat weak but not fully conforming to this view of volume. Sellers are clearly in control right now. I don't have any targets, but I will take off my shorts in the high $1500's. Which is the a=c target, and see how the bounce goes. A weak bounce will be shorted again. Stops on the short are last night's high.
For more info on my method:
https://steemit.com/cryptocurrency/@wildtrader/how-i-trade-cryptos-using-elliot-wave-theory