BTC correction is still not over

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Hi friends, the idea is self explanatory, feel free to share your opinion. Thanks
Trade active: Only real problem with this idea is that during 2016 BTC always bounced from 200 day MA. As of now 200 day MA is at 8650. A clean break over or below will make things clearer.