BTC in a descending channel & 2 possible bullish bat formations

The downward trend might complete the blue and yellow harmonic bat formations. The likelihood that the patterns are completed is usually low. Harmonic patterns are traded after they are completed. But in the event that any of the pattern is completed there will be a change in trend upward.

The trend now in BTC is generally bearish especially after breaking out of the previous parabola and the price is supported by a very long trendline (green) extending to the beginning of the bull run. If this trendline breaks then it reinforces the bearish direction.