farhadnmd 의 BITSTAMP:BTCUSD 용 Bitcoin Possible Scenarios: More dips coming?

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Bitcoin dumped as expected in my last analysis and now it's trading on the major support I mentioned already. But the market is still unstable and we may have further red candles so I recommend waiting and watching how the market will react. There are two scenarios in my mind for the next move.

1. Complete recovering from this level and turning tables
2. Breaking down the major support at 25K and going down straight to 14.5K

Since there is a semi-double-top pattern in the distribution zones of the red channel (specified on the chart) and this zone has broken out, a pullback to 37K determines if the pattern is valid or not. If it loses the major support at 25K the pattern is most likely confirmed and we can expect 14.5K.