Pro_Fit_Tak_er

BTC's downward trend

Short
COINBASE:BTCUSD   Bitcoin
I charted this about a week ago. I intended to follow energies with the triangles and found their intersections on the downward slope to be a little kooky at first. I added the stair pattern after the second peak on the downslope , copied the lines and pasted them in mirror , ie 1 2 3 4 4 3 2 1, and everything lined up really well. Now you will notice that for the past few days BTC has been bouncing off the top of the downward triangle and finally broke through to enter it again. I have a strong feeling that this will continue as we don't have any support that I can see until about 40k and by that point the trend may carry us a bit lower. Sorry for so many support/resistance lines in pink, it's all part of my process. Let me know what you all think, I value your opinions.

I'm not a professional analyst, this is not investment advice, do your own research for your own investments.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.