BITMEX:XBTUSD   Bitcoin / US Dollar Perpetual Inverse Swap Contract
Just an observation that the orange box kinda looks like a bigger version of the yellow box. A dramatic low that pierces the Bollinger bands followed by a reaction high that tests the downward trend and fails, then a smaller decline and another retest of the downward trend line .

Could also be a downward wedge , in which case bitcoin             would head upward.
With the double bottom on the 4h I'm thinking it's going to break upwards out of the triangle but I see the logic of your analysis and I'm happy to be totally wrong (I have a lot of practice!)
Balas
Vishiano tigerpause
@tigerpause, Ya I sorta doubt it will work out bearish. Mostly because the price target is so low.
Balas
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