CharmingWolf

2nd BTC Drop Incoming - 3 Bearish Indicators

Short
BITSTAMP:BTCUSD   Bitcoin
Unfortunately, it's not looking good for BTC right now. Here are the bearish indicators that I'm seeing:

1. Ascending triangle
2. Decreasing Volume
3. Price action below .5 Fibonacci level

I just converted my "dip" trades into USDC and I'm now awaiting a 2nd dip to buy back in.

It is possible that if there is another dip, BTC can find support near the larger .382 Fibonacci level ($40,900).
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