Bitcoin weekly doing things we havent seen before?

Bitcoin weekly doing things we havent seen before?
Bitcoin / U.S. dollar BITSTAMP:BTCUSD
transamspirit

Then its drawing a pattern on the weekly we havent seen before. Below the 50 RSI without going full retard moon new high? Well, that may very well be signaling a trend shift. End of 10 year bull market? Or PoW death? Anyone want to guess the measured move down? range was 2000 to 20000 and the midpoint of the pendent is 8500.. lolz My guess? China allows miners to operate but the transfer of bitcoin is illegal? Sounds like The United States' state monopolized liquor sales.(Moonshine anyone?) China allows mining but with the arrangement that the pools will ultimately belong to the PRC . Death of bitcoin within a year when PRC direct all mining pools into one. Then they 51%. Wondered why the hashrate dropped 40% last week? Too busy looking at the price? Nationalized mining pools my friends.