The weekly time frame for a bitcoin .you're generally in a bullish trend in the short term and when you're below them you're usually in a downtrend in the short term and as you can see we did break below this ribbon and it has flipped bearish what has happened when this has done this in the past .
You can see we fell down we came back up and retested it fell down again and now we try to come back and retest it but we didn't quite get up there well look what happened in the past and then we'll go back to what we're doing what did we do when we broke down below our ribbon well . we came back down we came up retested it actually got above it temporarily but it got rejected came back down and then continued up from there we forward kind of a pattern.
What we have down as well you can see we dumped down we came back up retested it came back down again and then pumped again same thing double pattern there and almost a you know this one was a complete double bottom this one was a high or low.
If we have any thing that played differently you can see our last two times before that we dumped below look what happened .we dumped down below the four-hour ema came back up didn't go all the way back