Potential Breakout To The Downside For Bitcoin?

Monday was looking fine all day, and Bitcoin was up 5% at most but then all of a sudden it dropped during the last hour of trading. This could be negative, but lets have a look at the daily chart here:

Comment: As you can see, we formed a hanging man today, nothing extraordinary, but if we will have a daily close below the supporting trendline, that would be negative and that level is at 13300 or so. Now, lets have a look at the hourly chart as well:

Comment: Here we can see that Bitcoin started to fall 2 hours ago and the volume picked up as well. It has continued into Tuesday, but it has also recovered a bit so we dont know yet how this will unfold.

But if you watch the video, I am showing you that Bitcoin today reached 20 on the Stochastics for the first time since September. That is extraordinary. Potentially this could be good and mean that we would get a solid foundation, but the worst case scenario could be that we could get a close below the important trendline and break out to the downside.

That is the latest on Bitcoin, lets hope for the best and prepare for the worst.