ouch :(
Many things at play overall as you can see in the last few charts I've posted.
If the edge to edge trade in the 4h helps play out for Adam & Eve double bottom we break out of this pitchfork and the short short term downtrend, however, we won't be in the clear for continued bull just yet.
if the triangle stops the double bottom this pitchfork would remain valid and price would tend to return to that mean (this is a bear's dream, it probably won't be that fast. There's money with buy interest in cheap bitcoin)
Overall all this shows there can be many things at play at once, ask other people and you'll get 10 different ideas as well
Many things at play overall as you can see in the last few charts I've posted.
If the edge to edge trade in the 4h helps play out for Adam & Eve double bottom we break out of this pitchfork and the short short term downtrend, however, we won't be in the clear for continued bull just yet.
if the triangle stops the double bottom this pitchfork would remain valid and price would tend to return to that mean (this is a bear's dream, it probably won't be that fast. There's money with buy interest in cheap bitcoin)
Overall all this shows there can be many things at play at once, ask other people and you'll get 10 different ideas as well