Back to back descending triangles forming on BTC?

On the thirty minute chart, Bitcoin is currently in a small descending triangle. The downside target on that is about 25,000. The problem is that once reaching that target, we're still in a larger descending triangle. The downside target on that one is more like 21-22,000 and would constitute a 25% dump. If we form a descending wedge in the process, the upside target will be small and volatility will likely take a nap in the wake of our deadcat bounce. This seems fairly plausible. We'll find out very soon how much weight to put on this.

Order cancelled:

Due to the late nature of the breakout, the target number was halved which is to be expected. We've ended up in a symmetrical triangle that will probably experience an equally weak breakout to either 28.4k or 25.3k.