BTC Possible Scenario

BITFINEX:BTCUSD   Bitcoin / Dolar
BTC             is stuck between MA50 and MA200, which is getting narrower each day and we are barely holding at 200MA. However, There is still strong support at 8.3k. I believe BTC             will be trading sideways within the yellow channel until G20 Summit on March 20th and depending on the news, we either will finally be able to break through the logarithmic bear channel or the %&/! will hit the fan and we will go to a very dark place.

I believe in BTC             and the future of blockchain and cryptocurrencies. Otherwise my money wouldn't be in these markets. I also believe that most of the western world is also looking warm to cryptocurrencies. Asia excluding China as well.

My buy orders are at around 8.4k and sell orders will be set just slightly below MA50. Also note that my previous analysis were wrong, so don't take this as trading advice :D

PS: For Bear Flag callers: Seems also a legitimate observation. In that case I assume it will bounce from 7.5k

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