Bitcoin is forming a descending triangle. The descending triangle is more often a continuation pattern than a reversal pattern.
If a reversal pattern is formed with significant volume, then bitcoin will become a buy. Until then..the downside of bitcoin could continue.
If Bitcoin breaks the bottom of the descending triangle with a significant daily/weekly candle. Then remain short.
If a reversal pattern is formed with significant volume, then bitcoin will become a buy. Until then..the downside of bitcoin could continue.
If Bitcoin breaks the bottom of the descending triangle with a significant daily/weekly candle. Then remain short.