BTC Repeating Patterns (Bleeding The Wick)

Ok, here's why I'm not freaking out. And if you are - please take this as a bit of good new in what seems to be a sea of red.

Every major drop like we experienced on the 3rd has a pattern. Every single one. It's not a, oh, maybe it's going to swing this way, or oh it depends on yada yada. It's every single time.

I've been following this trend for quite a while - not just through crypto. But it's prevalence in BTC is almost uncanny. It's not a 'secret' or anything at all. It's right in front of us. But it's a glaring pattern when you see it.

I'm sure some TA has a great name for it - but I've been calling it 'bleeding the wick.'

Most commonly during big drops - we see resistance at some point. And that fight back in the 4hour usually sets the tone for the coming days.

We're going to stick to 2021, because there's a lot - and I don't have that much free time.

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Jan 4 drop - no bleed, price goes up.

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Feb 22 drop - bleeds, price goes down.

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Apr 17 drop - bleeds, price goes down.

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Apr 25 drop, no bleed, price goes up

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May 3 drop, bleeds, price goes down

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May 19 drop, bleeds, price goes down

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Sept 7 drop, bleeds, price goes down

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Sept 20 drop, bleeds, price goes down (fights to stay)

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Two for one, Nov 10 & Nov 16 drops, bleeds, price goes down

And that bring us to where we are right now.

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Dec 3 drop, no bleed.

The last big drop with a big red wick was on December 3rd. And we've barely bled into it at all.

What this is showing visually is price resistance at those drop points. But this one is very clear. I'm not saying it's impossible for BTC to drop again and retest somewhere else. But if the entire year of data gives us anything - it's hope that this trend will continue, and that BTC found a good foothold here.

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*** EDIT***

Here's some further reinforcing data.

On the 15m, you can clearly see BTC bounce off the top of the wick to avoid bleeding. Checked resistance on the 6th and again today. Still holding strong. If we bleed below $47,280 - then it's time to worry. But even riding the line at $47.3k is more than enough to keep the trend.

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Showing support in the bleed zone.