I don't want to go into much detail on this one. This is just the current volatile price action explained by the assumption that Bitcoin is trading on a symmetrical pattern.
The July 2018 - December 2018 price action is close enough to be an inverse formation of the December 2018 - today formation. Their distance from High - Bottom is identical (144 as opposed to 151 days) and candle formation close enough to be a mirrored pattern (blue line).
This leads me to assume a scenario where BTC will simply consolidate after last week's Double Top for the next 30 days within 8500 and 5650. As seen on the graph also every Resistance on the way up has been "respected" , so it won't be a surprise to see a relief consolidation before the summer bullish leg.
This is the best evidence I've seen for a possible move down. Thank you for this. We are long and I think we have more bullish momentum in the market than bearish but we will have to see what happens. Regardless of what happens these moves will favor those who are prepared and have a strategy in place to trade the trends. We're using the Martin Trend Trader as our weapon of choice so let's see what the outcome is! Also like @D4rkEnergY post as well and gives good evidence of the reason we could head up. The second wave of the parabolic market cycle could be happening right now. Love your guys' posts and follow you both :)