BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
In my chart, I mapped out BTC past fluctuations to find; constant growth represented by the single blue line, growth ceiling and floor represented by the two green lines, trade pattern represented by the yellow line bouncing inside the growth area, resistance lines represented by the red, and possible future scenarios.

There are multiple scenarios that BTC could follow.
The most likely scenario to happen Is the Death-Cross. I don't see the market falling bellow 5000 in theses times.
Next in line would be the sideways trade pattern, represented by the dashed yellow line, which leads to a breakout back to a nominal BTC market.
The least likely would be the Golden Pyramid. It will require lots of volume , but the breakout would be very substantial and profitable, leading to the nominal market.

Bitcoin is highly manipulated. I do not see such volume for the Golden Pyramid coming in before April 01, which is most likely the beginning date for the death-cross.
Prices will most likely form between the first two scenarios dipping in and out of the trade channel between 9300 and 5000 until breakout.

Anything could happen for better or for worse. I am in no way a financial advisor, I am merely an observer with close to no skin in the game, so proceed at your own risk.

I'd love to see this in log scale, also i think the importance of the death cross is overstated. It's a lagging indicator confirming a bear trend that we have already been in for the past few months.
DennisLeeBTC DennisLeeBTC
@DennisLeeBTC, oh and great analysis!
NotTheTaco DennisLeeBTC
@DennisLeeBTC, I really don't feel like the deathcross is as important to bitcoin like you said, however on an hourly scale you'll see more importance between the 50, 100, and 200 day moving averages. The speed at which BTC changes makes the MA much more reliable hourly. Anyhow thank you! I've been studying this market for a very short time, but a lot of changes are very clear.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out