The circles are colored as to mark the large and small fractals. Since the current pattern is unfolding below 48k, this has a very real potential of being a sort of 'doomsday fractal' that plunges the price below the 11/'22 bottom.
Note
Looking at it some more, it's the fractal combined with the angle at which it is starting to slip, making it so that the price will keep sliding rapidly, as if it is buckling under it's own weight, with no way for the bulls to get traction.Note
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While I find it hard to believe myself... This can potentially mean that it will never go higher again. Don't shoot the messenger. Just relaying what I foundNote
Seems like the crisis was avertedDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.