Bitcoin could be on the edge of a cliff

Let me be clear: I do not trade bitcoin, but I do write about it often.
Before going into journalism, I spent my days trading. I learned a lot about technical analysis during that time, and right now, technical analysis spells huge trouble ahead for the cryptocurrency. 
Let's recap what has been going on in the bitcoin market so far this year. 
Bitcoin rallied 120% in 2016 and has been the top-performing currency in each of the last two years. It opened 2017 by gaining 20% in the