COINBASE:BTCUSD   Bitcoin / U.S. Dollar
If bitcoin fails to break its current price level 47500, it could be drrawing a bullish penent, then we could see its price drop back to 44 levels. but i will not be alarmed unless we breakdown from 44k. because the most likely outcome of this setup is eventually a breakout to the 50s. This setup is synonymous with Phase D of Wycoff accumulation theory.