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BTC - Overselling Again, Similar to 7/26 Low

Bitcoin (BITSTAMP:BTCUSD)  
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Trend Analysis BTC Bitcoin (Cryptocurrency) BTCUSD Cryptocurrency crypto
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Ok, we now have a break and new low, so a correction is highly probable, especially with the speed of the selloff creating an overselling move. Usually, that can mean a strong relief bounce.
Komen:
Prices reached this support line just now.

snapshot
Komen:
that would be the 3rd confirming touch on this support level. That could give prices a boost in the short term, as my current thesis is: this green uptrend needs a new high, before we correct deeply.
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