$BTC/$USD Readjusted Descending Triangle Measured Move

Just like I did with LTC's Head and Shoulders Measured Move, I also readjusted the BTC measured move to match the Percentage change rather than the size of the actual move. This provides a more accurate target. For BTC, it is very possible the measured move of the Descending Triangle Pattern we have broken out can take us all the way down between $6,700 and $7,400 Support Areas. This also happens to coincide with .618 from the Bottom of the Bear Market to our current Top. This is where we could possible see a reverse in the trend or a continuation of the trend if you were to look at it on the Larger Time Frames.

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