Patterns are everything in the market. When we're given the patterns ahead of time by analyzing previous price action, we can know what to look out for in order to catch the breakotus before they happen.
For us, on bitcoin, we know we have this red algorithm that needs to prove itself before breakouts. We can see that similar to last breakout, we're approaching that tapering algorithm on the sell-side in addition to our buying continuation orange & green. Strong likelihood of a bounce here and at least a retest of purple if not an ultimate HTF breakout.
Happy Trading :)