Great TA! I think that the scale of these moves also make it difficult to determine where we are at currently as the price levels tends to be exaggerated relative to the past. While moves have been similar, the amount of dollar behind the moves changed which implies that market dynamics remain despite the changes in dollars involved which I cannot make sense of. For example, the amount of capital to move the bottom of a market when bitcoin is at $200 is very different than the potential bottom of $3,000. Is there enough capital to support? I am still cautious as we also have the dynamics of a well structured short seller market this time around as well...
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Hmm. Seeing as regular markets are normally saturated (i.e. - the number of traders is not really growing - everyone that is going to be in the market is already in) and that crypto markets are still growing - would that not perhaps account for what you describe?
And yes, watch out for the short sellers. Manipultaion remains the name of the game in crypto - there is always someone waiting to profit from the losses of others.