I read a lot of panic tweets; BTC to 4 or 2 K... Yes that could be. But when I look at the trendline (red) BTC is trying to close above. And the bottom Fib of the last uptrend looks like a good support.
Could be a THE bottom!
BTC could go lower. When it goes to the 100 day average it will be around be $ 6,000 ...
There is a 2,000 $ (!) Doji after the bull run to almost 11,500 $... The last big crash I remember was the run to an ATH of 1,100 $ ... that ATH fits easily in the doji of yesterday: food for thought
And it looks like the buy volume is getting lower and sell volume is getting higher.
I'm stopping with drawing straight lines, they just don't work on bitcoin.
I'm stopping with linear scale, they just don't work on bitcoin.
Let's try log scale and a curve. Not bad 500K at the end of 2018 :)