Bitcoin following long-term bearish, downward channel

This charts bitcoin from mid December 2017 until today, March 10, 2018. The bearish, downward channel shows the price honoring the main support and resistance levels, and when it doesn't, it is almost always due to fear, uncertainty, and doubt (FUD) in the news. If it wasn't for the FUD, I think the price would have stayed almost entirely in the channel.

For me, this chart is the most convincing evidence of a long-term bear season out there. My money is out. I may play off the support & resistance occasionally, but for the most part I will be waiting for "blood in the streets" before getting fully back into the crypto market.