BTC update - still bearish

٣١ أغسطس ٢٠١٨

not much has happened since the last update, we have seen a nice bull trap yesterday but are still in a downtrend. RSI and MACD are bearish and for me the chart looks very similar to the end of July (see circled). I opened a short position at 7100 with a stop loss at 7210, my first target is at 6600, my second target is 5900 when 6600 is breached, otherwise the market situation has to be re-analyzed.