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In my opinion the Descending Triangle was announce before it happen, there were more than three indicators that were very strong in my opinion and the reason why before it happen I started saying BTC was going down, all this are technical factors and there are just a few social and fundamental factors that influence on the market price result.

<iframe width="560" height="315" src="https://www.youtube.com/embed/6LVtISBVlX8" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Technicals:
- Broke structure on august 27 for the first time
![Capture22.PNG](https://files.steempeak.com/file/steempeak/cryptoxicate/yjBCvHFJ-Capture22.PNG)

- 21 EMA cross the 50 EMA after braking structure
- Tested four times the $9463 mark, the bottom of the triangle
- After braking strucure bart formation started to test top of the triangle with low volume
- Low volume since 2019 ATH
- About 240% price increase since bull run started on April 2019

All this happen before the brake to the downside, for the price to keep going up the 21 EMA CANT cross the 50 EMA also the retest of the $9463 area made it very clear besides the sentiment of the market for some time was boring and BAKKT release didnt do any changes to the prices of BTC so why would people jump into Bitcoin like in 2017, price must correct and then stay into a accumulation zone before a parabolic movement develops again. 


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Good Luck, Thanks

@tipU @dclick

https://steemit.com/@dclick

https://steemit.com/@tipu


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