$BTC/USD Bitcoin Breakdown - Bitfinex - Market Update #2

Breakdown:

Possible descending trendline:

We broke the immediate ascending trendline on the lower timeframe
The price also made 3 points of contact for a descending trendline

If the price recovers and breaks out I could always enter into another long but I'd rather play it safe
There is also major bearish divergence on the 1D stochastic RSI

Disclaimer:
Crypto Trading is risky business and you can loss partial or full amount of money. This Trade view is not a guarantee and only my personal speculation. Trade at your own risk with that money only you can afford. Bitcoin unexpected pump or dump will make this analysis void.