Not sure why people are speaking of this dramatic selloff. Bitcoin always drops during the weekends and is still following structure I placed during the week. I do not think there will be a big move until June 10th or 11th. Watch for a break on either side on those days.
BTC is following my last prediction perfectly. It broke resistance which became support. It it follows structure it will reach $40,400 by June 10th on a conservative prediction. If it does not break that resistance we will go back into consolidation for a while.
All green lines are areas of support and all red lines are areas of resistance. Bitcoin trading below my custom moving average and bouncing off of support levels. Waiting for a breakout of the flag formation and to break above moving average for a bullish sentiment. The bears are still in control for now. ETA for movement no later than June 2nd.