The slow downward grind BITFINEX:BTCUSD is taking longer than I expected but we are still headed for lower prices. There will no doubt be some bounces during this drop to low 5K numbers, but we will be in a new lower range to trade. March 27th, 2018 was only the 5th day BITFINEX:BTCUSD has closed below the purple line of $7905 since November 14th, 2017. Hold...
If you look at BITFINEX:BTCUSD the full 24 hours of February 5th you will find a huge green candle that went up and yet we still closed down under 7K that day. I believe this pattern is repeating itself today or by Tuesday.