We saw BTC Coming - Of Course!

13 Apr 2017

As we watched the pinch taking place over the past 2 weeks, we knew a decicion was eminent. The moment it fell out of the interim channel; the big dump happened. Seriously, like within 5 minutes. That of course set the downtrend. We have yet to find the bottom and the interim channel drawn in the down channel is purely speculation; however, we do know that it has passed beyond 'previous' lows already. So naturally; we setup the bottom on the next available 'previous'. I feel pretty confident that this is the channel; however, since the previous was based on such a quick pump we do need to monitor closely to ensure that there isn't going to be a head bop on the bottom. We will see; but at this point, there is no sign of bottom. There are numerous attempts to stop the fall, but none have succeeded yet.