A series of 5 lower highs and 4 lower lows later yet Bitcoin is still holding on for dear life. I think the drowning analogy fits best...
When you first drop into the water, it's pure panic. Thrusting and grabbing; doing everything you can to get your head above the water. Very quickly you start to realize exhaustion is creeping in and more panic hits. So you being to minimize your movements and conserve your energy.
This holds for a while... floating on your back you begin to think you're going to make it. You just have to stay above water until someone finally sees you and rescues you.
Time sets in, you begin to realize no one is coming. Your survival instinct is exhausted and not much is left. Each move is weaker than the last. This is it; the time has come. You make one last-ditch effort to survive, keeping your nose just above... and DROP.
When you first drop into the water, it's pure panic. Thrusting and grabbing; doing everything you can to get your head above the water. Very quickly you start to realize exhaustion is creeping in and more panic hits. So you being to minimize your movements and conserve your energy.
This holds for a while... floating on your back you begin to think you're going to make it. You just have to stay above water until someone finally sees you and rescues you.
Time sets in, you begin to realize no one is coming. Your survival instinct is exhausted and not much is left. Each move is weaker than the last. This is it; the time has come. You make one last-ditch effort to survive, keeping your nose just above... and DROP.
Note
It seems I gave this little rise too much credit. Here is an updated chart! 
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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.