BTCUSD - Expect the price to drop further as we approach Aug 1st

I'm expecting Bitcoin and Altcoins to continue to drop as we get closer and closer to August 1st. Not only could the prices just be stabilizing from all of the gain this year, but people are also pulling out because of the Bitcoin uncertainty. I'm looking at the price to fall to at least around $1600-$1700 mark, maybe even a bit lower. The price is still fluctuating when looking at a closer time frame so there is still opportunity to make profits. Shorting Bitcoin can also work and that is exactly what I have on the chart.

If you don't day trade, don't fear... just hold and be happy of what's to come!