As far as the everyone is talking about, it might have shifted (pink lines) to have a less disastrous fall (while it might be nice to buy some BTC at $2,000 or less... probably not going to happen). I do realize there are breaks above and below the channel during the first couple months of the bear market so only time will tell how accurate this is (not very reassuring, I know). However, once BTC hits the top of the channel there is good history of a strong rejection and we might see the bottom of the in a couple weeks ($4,500-$5,000). In the meantime I think there are still a few short sellers to rout out who were expecting utter catastrophe with the large pattern (not shown here, but shouldn't be hard to find just by googling).
On another note, the seems to have materially broken out of a triangle (green lines) that started with the height of the BTC bull market back in December. No idea what this could mean... more , a reversal of the downtrend, or absolutely nothing - but worth keeping an eye on. I haven't seen anyone else post about this so that probably just means it's meaningless.
So, there it is... Let me know if you have any questions, concerns, criticisms, attacks, etc. - especially about the triangle in the . Good luck and most importantly, have fun!
Trade only at your own risk. This information is not a recommendation to buy or sell. It is to be used for educational purposes only