BTC has been doing lower highs for half of 2019 already. Looking at the possibility of a giant descending triangle on a daily close under 7250-7400 area, also confluent with the EMA 610. Idea invalid if it recovers above the daily MA 200, currently at 9365, and it would still need to prove a higher high at 9500.
Not discarding bounces in the mean time, as there are a couple of MA's and support areas between 7250 and 8000. Current bounce came from the daily EMA 377 weekly MA 50, however the weekly has also confirmed a trend of lower highs.
Looking at 5000-6000 if 7250 breaks.