-Descending triangle is what caused the recent fall in Bitcoin's price, the price took us down to a at 255 which is defined by a long term support line and Bitcoin's long term (please see my linked chart for what I mean). The is defined by my white .
-A has appeared to form. It is defined by my purple . The Resistance line is well tested and shows clear resistance, admittedly the support line was only tested twice, however for a third test of the support line, a break of the current Fibonacci support would be required. Overall, it is important to remember a is a sign of a possible reversal.
Although further declines are possible, this downtrend appears to exhausted. To take a contrarian investor point of view, buying the dips is a profitable way to make money in an overly pessimistic market.