BTCUSD
We just broke a descending triangle last week to the downside with huge volume, and so far, the bounce from last week lows has been week and with little volume, meaning it was not a fake breakdown or anything like it.
The price target form that triangle break formation is $4,800 USD, which is calculated if you subtract the hight of the triangle to the breakout point, which is $9,300 USD minus $4,500 USD equal to $4,800 USD. That may sound extreme, but it is the price target that the pattern is indicating.
It should take several weeks for the price target to be reach, maybe the entire month of October, and it may either overshot or undershot the target.
Either way I expect it to go down big in the month of October, so if you have the capabilities you should consider a short term short position on it. And of course, if Bitcoin goes down, so should most of the altcoins.
Good luck to you