Strong downward momentum of bitcoin

Strong downward momentum of Bitcoin

Bitcoin / U.S. dollar BITSTAMP:BTCUSD

MJShahsavar

Consider the following in the weekly timeframe:
1- Bitcoin has created 8 consecutive red candlesticks for the first time in history.
2- The Bearish setup of TD sequential started before the end of the previous bearish countdown.
3- momentum indicator crosstown the zero line
4- The VI indicator has a descending crossover.
based on the first two, what we are facing seems to be a strong downtrend momentum.

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