While I agree that BTC could potentially go down in price again, I think focusing on the price action in the past week and drawing trend lines on such a relatively short time frame can be misleading. I think zooming out to the one day and going between the 4 hour, 1 hour and 30 mins allows you to contextualize current price action. That picture shows BTC falling below a low trend line for the past week, but what about the price's relationship to trend lines based on highs and lows from the past 2 to 6 months? Thank you for sharing though, I believe it's important to see what the news outlets are saying.
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Thanks for your output! I completely agree with you. My long term outlook for cryptos is still bullish. However, looking at short time frame is part of the job for day-traders like me. This post is intended to be a tip for day-traders :)