Hello steem,
I will try to explain the chart you see below. A lot of factors pointing towards a major trend reversal.
My tradingview account - https://www.tradingview.com/chart/BTCUSD/ZKlrtMya-BTC-Bear-trend-soon/
1. Since 5 weeks, BTC is in downtrend = Red candles since 5 weeks.
2. Doji formation for 3 continuous weeks = Indicating trend reversal
3. BTC is still above the tenkan sen line which indicates its still in bull trend, but other signals show a possibility of trend reversal.
4. If BTC price falls, we will see a strong support at Kijun sen line around $1900.
5. If BTC breaks that support then next strong support is at 0.618 fib level around $1200 - $1300.
6. During the previous bear trend, we see that price broke the Kijun sen support and rested at 0.618 level.
7. Stochastic signalling bear trend
8. RSI in overbought signalling BTC correction is due.
All these factors suggest we may see a big BTC downfall over the coming weeks before another leg up.
Hope you factor in these things and manage your portfolio accordingly
Disclaimer : This is just my personal analysis of BTC trend.