Technician

BTC: And here starts the journey

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BITSTAMP:BTCUSD   Bitcoin
12
BTC is moving in a clear downside bias, where the latest bullish attempt failed to test and break the falling trend. The price could be forming a major descending triangle, and thus i see the first target at 382.00. A break below 382.00 would be seriously harmful, as the measured move of the triangle formation points to -400$ ( a negative number ) what do you think that mean?

P.S: I stick to my earlier forecast that BTC will be below $50 soon

Good luck
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