Yes - I am convinced BTC will break down through that level. "The more time support is tested, the weaker it gets" is a saying in trading. BTC has tested that level 4-5 times now...
I was thinking more about the horizontal support zone of ~5900-6200 - but who know we could also get a temporary bounce be breaking the diagonal downtrend line - and then a dump...
Harmonic patterns have worked 9 out of 0 times for the past couple months. IDK if it has anything to do with Wall Street or whatever but at this point I think it's a 50/50 call.
Well - it's more like a support zone (as you point out in your chart) than an exact line - I still think it applies and I think that the support zone will be broken