In a comment yesterday I said this down trend was repeating a pattern: heavy down, pause, down pause, up... restart.
The restart comes at the time the 2h chart Awesome Oscillator reaches 0 or just as it becomes positive. Pretty much all of those conditions are occurring now. Of course, the trendline forms and all starts again if it breakes.
Of course, the red Ichimoku cloud still looms over.
The guys that know about this believe if this downtrend continues, the next stop is between 5700 and 5800.
goldbug1 has a very nice explanation of what this point represents, here: https://www.tradingview.com/chart/BTCUSD/sQDlW8iL-Bitcoin-Is-The-Bottom-In/
Also, if you check his daily chart, you can see the differences between the whole downtrend and these last days.
We should find out in a couple of hours.. by midnight UTC at most, I would say... so we'll know tomorrow.
WARNING! trading is a very risky thing! Don't take this as an investment advise: it is likely to be wrong and you will probably lose money if you take this seriously. If you do lose money, don't blame me or anybody else commenting, because in the end is your choice.
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