Going by the flow of the price movement and momentum, I think we will get to low 8k or even mid 8k range before another significant downward movement. We can still fall out of this current area but seems like the sellers are out of steam and supply is getting tighter and most trades are being done on a margin. The mid 8k region is where the Log trend line is situated and we will most likely get a hard resistance there. After correcting off of the bounce, we should have enough momentum to get us out of the whole damn triangle of death and most likely push our way up to 12k where our next huge resistance is. If anybody is looking for a entrance, the bounce off of 8k range back to 7k range would be ideal and taking some profit once we reach upper 11k range. Alts will likely perform well probably up to 12k.