BTT/USDT TA Update (Sideways Action?)

BTT/USDT

BTT went on a waterfall during the Bitcoin dump recently. The overall trend is Bearish as it keeps making Lower Highs and Lower Lows.
Price is trading below 50 MA and 100 Day MA, it makes sense the Bears are in control of this market.
The drop made last Nov 25 finished the candle with a hammer, It may signal weakness in the bears' side temporarily.
I expect the price to respect these two downward trend-lines of resistance until the 1st of Jan 2020.
Sideways actions are more likely to happen inside this pattern for now.