This is a follow-up pattern and update to the Bear Market Pattern I published last month (read related ideas below).
After the cyan circle, Bitcoin tend to have some relief rallies.
On 2014, it somehow hovered above the white line before going down. On 2018, it did retest the white line and the 20W moving average (red line) before going down. This year 2022, we are about to retest the white line and possibly the 50W moving average (yellow line)
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