BTC downward trend hopefully ending soon

28 de set. de 2019

BTC is accumulating bullish patterns after the catastrophic drop, signalling an end to the carnage. BTC currently is trending down a descending channel that is within a large falling wedge. It is completing a a very large AB=CD pattern that started with this years ATH. It is also falling a very large shark pattern that will be completed with a trend reversal. The RSI is set for another drop to complete a bullish divergence with the first drop. Price will go down more to around $7500. If price falls lower, it will signal a very bearish situation lasting months. A drop to 7500 then a trend reversal is the most palatable option.