Quote from: BatuhanU on February 25, 2018, 08:48:15 PM

What I'm trying to say is, if the price goes below 9k, it will likely continue down to 6.5k, so you should sell when that happens. If it goes above the downwards trendline(at around 11k), it means there is an upwards breakout and would be a good opportunity to buy, as the price will probably continue up. It's too early to know what is going to happen yet.

I do somewhat agree with this, but the lowest point I can see become reality is NOT below the $7000 level. If it crosses the following line just under the previous one, at that point it might turn out to be an indicator of the market to potentially test the $6000 level in worst case scenario. Important to point out is that this is based on a basic form of TA, and that it may not even hold one single grain of reality to it. For now it's waiting to see whether or not the $9000 level will hold, but when it doesn't, and that on every market, we'll be heading down further, that's almost a certainty. It basically means that current levels are just too high for the moment.