It's a bit late, but the reason we've kept going down is because the daily chart completed a Bearish Pooping Bum candle pattern. You can see that the left cheek started forming around February 13th, followed by the right cheek. Since this is a reverse pooping bum, the poop flopped over onto the right cheek. After that happens there's nowhere to go but down. By the time the top of the right cheek started we should have known this was coming because the market always has to flush after a reverse pooping bum pattern. It takes a while to flush, so we can expect to be in a bear market for at least another day, possibly weeks or more. I will probably not be buying any bitcoin until this flush is complete. Stay tuned.
