Failure of macro bull pattern

As more time goes on, the thesis that the BTC new high was just a wick out gains credibility.

See old post here;

I've tried to buy on the supports. Made a bit of money doing it but there's been no big clean rip that one would expect in a bottoming market.

Instead we have choppy traps more in line with a reversing market.

In the recent drop we might have had a failure of the bullish butterfly.

If that is the case, then we're going to see a crash under the support levels if it breaks again.

Failure of the BTC uptrend a legit risk now.