Past BTC price action pattern compared to current... thoughts? pour BITFINEX:BTCUSD par Block10

trendanalysis chartpattern beyondta btc bitcoin

So, I noticed on the 4hr chart that our recent price action look very similar to price action in April for BTC. We pumped to a high and then got dumped on... We then struggled to reclaim the 200 EMA untimely failing to do so and then we got dumped on further. We did have a relief rally before taking the final ride to the downside but, I cant help but think that this may happen again ... what do you all think? Am I over thinking this?

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