Bitcoin's at unsafe location.

We are left with 9 hours.

The trend-support line which is currently holding #bitcoin for 35 days or more than a month is getting tested 5th time. But here arises a problem, from past 3 touches the wave in upward direction is failing to make an another high. Also the more a level gets tested, the level loses it's strength to hold.
Creating long up wicks = Bear pressure.

What is happening now?
Apart from support weakening, we can clearly see a TRIPLE TOP pattern forming, an argue arises its also "ASCENDING TRIANGLE" and yes it is but I can see the pattern coming to it's end and there are no bullish signs of a breakout (as per ascending triangle theory).

Source : Google

Now what if breakdown happens?
This is simple, process goes like this :

• Breaks trendline support by closing a 1 Day candle below it.
• $23k - $22.8k level would be tested (neckline).
• If fails to grab support at neckline and closes below it then $19k is an area of interest. Consolidation might occur because there're some minor support/resistances between $23k - $18k.

Tip : The nearest area with the most interest for analysists for buying is $16000.

You can check the post below to see who are they and why it is so?
https://steemit.com/bitcoin/@sanjamkapoor/can-bitcoin-bounce