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TEXAGG22

Rules of Descending Triangles. Is Bitcoin in One?

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Bitcoin (BITFINEX:BTCUSD)  
TEXAGG22 Updated   
BITFINEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns Bitcoin (Cryptocurrency) BTC BTCUSD xbt XBTUSD
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trendanalysis chartpattern bitcoin btc btcusd xbt xbtusd
It seems to me, based on the rules posted in the chart, we are in a clear bearish continuation descending triangle.

Red Boar
Comment:
Rising wedge on declining volume....love tap on the .618 retrace line....what more could a bear ask for?

snapshot
Comment:
Comment:
Price rejected off of 25 MA weekly and down trend line perfectly

snapshot
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Here is a smaller descending triangle I am watching...expecting a breakdown

snapshot
Comment:
WOW! What a perfect chart this ended up becoming...volume is back and its time to short the ponzi bitcoin to the dirt...get ready fellas its going to be a hard ride down!
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