Short excerpt from a YouTube video by Kosta Ouzas (How Market Makers Push Bitcoin Price) discussing how a chart feature called the "white line" correlates with price behavior. The speaker explains that white lines tend to persist (price remains stable for a long time), that adding a cascade can push price down despite a white line, and that when price separates from the white line it may indicate a market bottom forming.
The white line starts and then something else is going on. In particular, if there is a. Like, it's pretty rare. You see, usually when there is a state, a white state, the price doesn't change for a long time. They tend to last long. But when we added this cascade, the price wanted to stabilize this. Why we added these white lines then probably was a chain reaction. So it continued to go down. But now it seems we are finding a bottom, right, because there is a white line. This white line. You can see also the price is separating from the white line. That is an indication that we are reaching a bottom.
