Regarding the cause of the downtrend, I believe the news from China is just an excuse or a small trigger. I believe mass behavior is better predicted than individual people's behavior and you can see changes in the general mood in the charts. People were euphoric when I posted the chart and most threads here discussed the exact timing of bitcoin reaching $2000.
Wikipedia:
Quote
Bitcoin is an open source peer-to-peer payment network and digital currency
Bitcoin wiki:Quote
Bitcoin is an experimental, decentralized digital currency
And then comes China and rules that bitcoin should not be used as a currency and you call that an excuse and a small trigger?
I know that you want to believe that it was your TA that it worked but in this case things are obvious.
It's from now on that you 'll see if you were right or not.