We made plenty of calls on why crypto should go down... from technical information to fundamental and they all agree, for now, that we are in a crypto blizzard and the "great crypto depression"
At the time of recording this Bitcoin was still above the support level... but at the time of uploading and typing the message we have a breakout of the support level and bearish action!
Anyhow, main point here is to learn this bearish continuation pattern as you can use it to earn pips the next time you see in on a stock, currency, commodity or cryptocurrecny!
Good luck trading!
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The POC line from 2011 is at 1.4k
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The next low is at 10 - 9.8k
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Which I fully believe will break with the current steam in the sell-off by next week
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Massive Head and Shoulders pattern working its way to the low 100 billion market cap, this is not a crypto winter, it is a blizzard and a full on depression.