Looking to BTC and for the volume decreasing it looks like the fuel is running low.
The BTC can touch the 2.1166 at 1,68% of fibo extension and then starts to do down taking some rest on channel supports and finally drop down to weekly EMA 20 at 13.800 coincidings with 68% of retracement. There is the possibility to test the weekly EMA 50 at 11.800 in the middle of February.
Looking at the Daily Chart there is some main target during the drop. The EMA 20, 50, and 100 will offer rest for bearish momentum.
Interesting method you use to predict these chart. You wouldn't of been the only one that didn't see this coming. This what happens when you have large corporations, banks and wall street manipulating prices on low volume.
Pavoe
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@Ryan1993, Here we are on the channel's top border, and a bearish view traced was defined using the EMAs. But as BTC destroyed the upper limit, this analysis was automatically invalidated