What a week people...

A few days ago I joked about the whales going to give the market a "slap in the face", I posted a photo and everything that made me laugh a lot about it. But hey, we fell a bit yes👍; good for the people who were able to buy at 59000.. I personally didn't expect it to fall below 60000, but it did.

Now, since yesterday the $BTC has been forming a double bottom pattern at #4H ; so since yesterday I was expecting a rebound in the price. I deduced this from the aforementioned pattern in addition to the fact that the ADX in 4H is turning downwards, indicating a loss of bearish strength, which anyway, it's not like that fall yesterday had much strength either, that is, it wasn't a movement that breaks a previous trend or something like that.

If you look at the chart of #1D , the ADX was always below point 25, reinforcing the theory that the movement itself has no strength.

Is this a clear indication that it will stop falling? Of course not, there is a possibility that it will fall further, if the whales want to lower the price further to buy back cheaper they will do so. The fact that they have sunk the price below 60000 for 2 hours is enough for us all to be aware of the price action, today Friday is the closing of the market we could see small falls, that is something that most of us know.