I welcome every new technical analysis, so I liked yours too. I am bearish for the short term and expect a lower low, although I also agree we might have a bounce to about 10K before dropping below 7K. What do you think the bitcoin price will be like in a longer run (next 6 months)? Thanks!
p.s. By the way I found your comment on Haejin's blog and to be honest I also don't understand why he opposes other analysts (such as you) sending links to their blogs. I mean he has the right to ask for it, but it gives an answer to my question why was he making forecasts in the first place - to help the community of steemit and teach TA to other people, or to make profits from upvotes. Nothing wrong with making profits, but at least to me, judging by his videos from November last year, it looked as if his main goal was not the money. But I digress..Please, keep sharing your thoughts on the bitcoin price.
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There's a cluster of strong resistance beetween 5900 to 4700. More precisely at @∼5900, @∼5400, @∼4700. I see price going down to that level in 2-3 months. At those prices we should get a significant bounce. (Kinda like we've seen it happen from 2013-12 to 2014-04, 3 drives down and then a big bounce). After that we'll need to re-evaluate the situation.
Thank you for your reply.