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mcdaverage

Descending Triangle in Progress - Bear Market, Sell Everything!

Short
Bitcoin (INDEX:BTCUSD)  
mcdaverage  
INDEX:BTCUSD   Bitcoin
Trend Analysis Chart Patterns BTCUSD BTCUSDT
6
2
trendanalysis chartpattern btcusd btcusdt
Preparing for worst-case scenario, I present the permabear case.
Descending triangle forming on daily. (72.93% hitrate) according to Samurai Academy.
Breakout of the triangle would also break the HNS (83.04% hitrate) neckline with a ~$33k final target.

snapshot

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