1) Price loss Nov. 2013 ~ Dec. 2014 ATH to ATL : 86.90% loss
Dec. 2017 ~ Apr. 2018 ATH to 2972 : 84.23% loss ATH to 2291 : 88.50% loss
2)RSI Green support line is broken. Expecting further downward movement.
3)MACD(less important index) Diverging is in progress. Expecting further downward movement.
4)Trend line Purple line Very close from current price. Taken together, high possibility to be get through.
Blue line(lower) the lower limit is 7K We can expect some supports, but according to RSI and MACD, the remarkable reversal(to up trend) is less likely.
Red line Support line of recent up trend. We can expect remarkable reversal at this line.
Yellow line Traditional up trend line. Very important support line I think. The bottom would be placed on this line most likely.
Operation Dragon Slayer. Miners will switch to the most profitable Crypto quicker than you can blink.
HudaK
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@VinceLaselle, You mean BTC will be replaced by BCH?
Box1515
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Nothing is impossible, but I think it's highly unlikely. I think we'll hit the support at $6,500-6,800 (GDAX, not sure of equivalent on Bitstamp) and bottom out there. If we keep going we've still probably got strong support around 5K as well. Now if we break that region, then 2K becomes much more likely.