BTC downtrend break

Jan 25, 2018

Btc is in a downtrend. its constantly forming descending triangles, and breaking down from them. The bottom in my opinion is going to be around 7300-8300 dollar, at februar 1-8. The 200day MA is also coming up to the yellow box as support, as well as previous resistance might become support around the 7300-500 area, also the RSI is going to bottom around there on the daily chart. Should be a clear bounce when we reach it.

Feb 2, 2018

Note

So far so good, but i would have liked to bottom later rather than sooner. It seems just too fast, but i am still confident.