Bitcoin is in downtrend since 2017.12.17. We see lower lows and lower highs. Since 2018.01.29 we can see a main support line at $11863. I drew a triangle around the chart, but it broke this triangle and continues falling down. The and shows that the price will go lower. If the present candle closes under the triangle, I think that a short position is not a bad idea.
Follow me for new ideas.
I will update this.