It's over. 6 hours of lower highs and lower lows. And volume is picking up in China. 
This. I changed my position to short at about 514 a few hours ago when we crossed trend lines... I am kicking myself for not doing it sooner. We have more to drop.
Also, buying pressure will be depressed because of Coinbase and leverage pressure will be depressed because the change of policy of Bitfinex soon to go into effect. In a nutshell... more blood, guys. Wish it wasn't so. It was nice while the party lasted.
P.S. -- Don't take my trading advice on face value. I am a Newbie. I've done ok the past few days, but am a couple percentage points down. I am a pretty smart fellar, but I am still learning the ropes a bit.
Trading bitcoin is as hard as you make it. (Not commenting on you personally, just laying this out there for anyone looking for advice.)
either buy and hold, -- or try to consistently sell high and buy low...
the former strategy has done quite well over the last three years, the latter one... has mixed results
The reality is, I am in trading mode because I am an impulsive character and I have too much time on my hands this summer. Definitely not a generally advisable plan although I've gotten much, much better at it than when I started.
