In response to this guy's question, here's a unified reply: Has the decline stopped?
—— A standard stop decline structure: decline - automatic rebound - secondary test - breakthrough and automatic rebound high point.
This is when I would consider the script for stopping the decline; isn't this exactly the definition of a W-bottom? (You can refer to the cited article for specific shapes)
Currently, the visible automatic rebound high point is around 101500. If we can't even get above this level, what can we say about stopping the decline?
Since the decline hasn't stopped, oh ho, isn't the left-side order placed at 99200 last night more worth taking profits on as it gets closer to 101500?
🤔️ #BTC