If green was true bottom, then we should be waiting for a break of downtrend resistance line as confirmation. If not then expect to continue downward movement until intersection point that will decide the trend. If downward break, then purple as next support.
Even though riding the BTC waves, SIA respecting lines nicely like the top reversal perfect with resistance trend formed by previous two tops, making the supports formed more reliable, even in the face of BTC movements. Expect support at first purple and first red horizontal, next tried and tested supports would be the lower purple. Even if BTC drops to its 9-10k...
With psychology mostly driving the upward bitcoin march, a correction or even a reversal was expected around the infamous 10k mark and we got there, flew past it even, but the expected correction came. It came with two upward reversals but formed this large downward channel of lower highs and lower lows. In the ellipse, as the price pivots downward for the third...