Another descending triangle has taken shape and is signaling our next move down to retest the $7800-$7900 region again. This may be the last time before we start our next major move down to $7000 before hopeful reversal and resumption of the macro bull trend.
Have been observing a clear descending triangle that BTC is respecting on the lower timeframes. Expect move lower that correlates with the measured move of the much larger descending triangle of July-Sept hitting low $7k region. Hoping for reversal from there and resumption of bull run continuing into 2020.