Good luck to you all!
P.S. What I noticed is that BitFinex is leading Kraken in price by something between 20 seconds to 1 minute, and the downtrend lines can't be drawn as perfect as on BitFinex, so I'd advise, even if you trade on Kraken, analyze the graph of BitFinex instead.
TO SEE THE GRAPH CLEARLY as well as zoom in-out, change the time scale, etc etc, you can click "share" - "make it mine".
If we do go low hard, I will try to update this idea as soon as I start seeing something similar to a bottom (this analysis is very lagging though and has 65-70% success rate, so don't rely solely on me).
This shows the 0.382 Fib retracement, after which we possibly can either go upwards or bounce down. I know this is a crucial time but I can't wait for the price to decide what to do anymore. Overall I am still slightly bearish, maybe not immediately but I believe in the next 24 hrs we will go lower than $190 (70%+ sure).
By the way, as I stated earlier about possible long - I am not yet convinced by the volume, I wouldn't go long myself.
Note: I closed my short because 1) this Bat pattern seems likely and 2) I am at work anyway and can't monitor the graph well. I will likely regret doing this but I'd rather take a small loss than get burned hard while away from graphs.
Note2: If this Bat plays out, we will have a very good certainty in targets indicated by red lines. Entry - when the price starts going down after touching D and stop is slightly (2 USD) above the D.
Sorry for a lot of rushed decisions and lack of thorough analysis, in 3 days I will be on vacation and have much more time for better real-time monitoring.
So Finally we have some clearer development, here is the graph (with some alarms tips inside) that I will follow:
However, keep in mind to monitor the price on this graph with major supports indicated, as the price may not reach the target of the bear pennant and stop somewhere at these supports.
(Although this graph with support lines will still be valid later if we do break downwards, but for now, the new graph is of more use.)