Bitcoin | Continuation Down

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Bitcoin | Continuation DownBitcoin / U.S. dollarBITSTAMP:BTCUSDNathanl19We got a solid support zone at ~$52,000 but something tells me we may break through as price action stays consistent on its drawdowns. 1st drawdown from high to low is about 36% 2nd sits around 3% more than the last 3rd drawdown has a possibility of aiming for the same amount We also have another bearish wedge pattern like the last indicating a continuation down. Bears are still very strong here and long positions are likely to be liquidated unless if your scalping. Now if price looks to break below I'm expecting a liquidity grab at the next support lvl (~40.3k). Stay safe, happy trading :)