1/ Just judging by the structure of all down legs in 2018, they followed a pretty simple sequence: distribution - re-distribution (at least 1, if not 2-3) - accumulation (local bottom).
Current structure telling nothing but a continuation (break down) is very likely 2/ These are so called SSR (stepping stone redistribution/reaccumulation).
Unless a miracle happens, BTC is headed to at best test yearly lows, at worst - break them which will start the final stages of bear market (can last weeks to months)
You should be already prepared for it

Shorts ATH again, what could possibly go wrong? Johnny, shorts keep on adding weight faster than your mama, be careful

#BTC
Wyckoff update
Full detailed description of first and third laws of Wyckoff (supply & demand and effort vs. result) #BTC
Wyckoff update
...wait...wyckOFF...bognanOFF...smth