I think if btc don't crush through that massive negative trendline we have had since mid december anytime soon, it will drop to gather more support. The supportlevels I think it might stop on is
- 10k usd (A)
- 200MA (B)
- the trendline it stopped on last time, making a double bottom (C)
- the last big support level from mid sept (D).
I believe btc/usd is at a turning point cause it has reached the 0.618 fib retracement, gets support at the 150ma, support at a massive trendline, the RSI hasn't been so low since 15. sept (just before the good times in nov./des.). And because it has reached the third and last wave (C), in a Elliot correction wave.
