BITFINEX:BTCUSDA descending triangle breeding ! Brace ! Following the pattern there is going to be a 2 day stall in any major break of price action.... But then its mayhem to 7400 which is the 1.27 fibonacci level.. A bearish harmonic battern is to be watched for...! Or a tripple/double bottom..! Holy thou Shorters..!
Disclaimer..This is not a trading/investment advice...
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IF 1.27 fails which is unlikely in my opinion, the next hope for the bulls is the 1,618... which should do it....