As you can see in the chart, BTC is going in an exact same path as the past!!!
Starts with a slow decline, then a big drop, then consolidates with a flag, hits the down trend and breaks down, hits a strong support twice in a short time then bounces back up a bit, fake out of the down trend but fails to make a real break out, then drops back into the down trend (currently it's in this step), breaks support and finally hit the bottom.
Will the history repeat???
Starts with a slow decline, then a big drop, then consolidates with a flag, hits the down trend and breaks down, hits a strong support twice in a short time then bounces back up a bit, fake out of the down trend but fails to make a real break out, then drops back into the down trend (currently it's in this step), breaks support and finally hit the bottom.
Will the history repeat???
Comment:
This might still be valid. I may have mistakenly identify the circled fake out, it could be the last (bigger) bull trap rather than the one that I circled.