Considering how quickly the February dump was, I experimented with cutting the wicks on the daily to form my trendlines. This forms a descending wedge pattern that meets with the historical horizontal support level at $5800. Obviously, buying pressure will have to pick up near the bottom of the wedge to validate this model. Otherwise, the price will likely drop hard. If trading this pattern, tight stop-losses will have to be set below support. Otherwise, wait for validation of the model with increased buying volume followed by breakout from the wedge before buying.