Bitcoin has started it's descent!

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
The white line marked with a white arrow is the center line in a schiff pitchfork connecting the 2014 and 2019 bear market. This line played a role as support before our drop from 6k to 3k, and it is currently playing a role as very strong resistance. We have hit this line twice now and price has failed to break through. Within that same pitchfork just one line below you can see how it is also playing a role as support and resistance . As you can see the purple fib circle is currently acting as support, notice how the candle wicked down to it then bounced. I think this purple fib circle will basically be our only support on the way down. I am expecting us to make contact with the green fib circle soon and when that happens either we will bounce and stay above which will be bullish ... Or we will fall through setting new lows in the 2k range. Since that white line has played such an important role in price action and because it has yet to be broken after being tested twice now, I believe we are topped out and this first drop is just the start of a bigger drop to come.
Interesting and matches up with snooker's theory/ta
I guess the hater sunny decree (Mr Dallars) is having a ceasure right now by seeing this chart playing better than his TA LMAO!
AdrWijaya ankhramsiswmriimn
@ankhramsiswmriimn, better save his video before he deleted it. That face he’s making is gold.
Nice trendline mate.

That's healthy correction and it has to happend since BTC actualy uptrended massivly from 3156---->>>8400 without single serious correction.

We do differ at one point, that deeper drop after reattempt to regain previous heights.

Good luck.

This is where I have that trendline
Poukitoun Poukitoun
I am certain that we won’t hold that support though but I don’t think we will have a new low
Poukitoun Poukitoun
@Poukitoun, Or it could play out like this fractal XRP is doing ahead of BTC
Guess which one is which?! ;)
+1 Reply
bro i think you are spooky but insightful as hell.. wow...
dude i mean, i think your job is fantastic.
however can you be a bit more specific as to "when" we might hit the bottom? i know it's hard to tell owing to too many whales,
just your thoughts on according to you know fib circles of yours "when" the ultimate bottom could be hit
i think what price bottom is important however, timeline is also very if not even more important.
thanks man.... keep up the good work..
and ignore all those trolls... they troll everybody trust me.
@leorio, i cant give out details but message me and ill send you a link to a video i made about this
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