Enter a short position if the descending triangle breaks down. Aligns perfectly with the previous descending triangle target. But wait for confirmation of breakdown WITH VOLUME before taking a position
Market trends and cycles are a direct function of human psychology and the varied emotions during each phase. Bitcoin has been following the classical market cycle since its inception and there is no reason it won't follow it in the future.
Charles Dow was the first to make thorough effort to express the general trend of markets. Enjoy the analysis!