After the crash yesterday there was a small chance of a W pattern forming on the 1 hour charts for $BTC

However as we can see on the current chart this did not play out. We are seeing a lot of sideways action right now which is exactly what we saw during the last crash.

  1. News/fud comes out

  2. The market over reacts

  3. Sideways action till we get more news/fud

  4. Repeat