BTC Ledge Short Setup

٥ فبراير ٢٠١٩

Bitcoin has been meandering downwards over the past weeks. We have not broken to higher highs since the beginning of 2018 when the bubble burst. Until we break to HH, the down trend will remain intact. There has been no evidence to secure any reason for expecting a reversal at this point. Volume is dropping, Prices are also dropping month to month.

I'm looking at this as a ledge setup to take BTC down to new lows. Similar to what happened at the end of October in the move down from 6k.