Repeat a complex system over time, and patterns emerge. It's as simple as that.
Then there is the law of large numbers, where events like COVID crashes are effectively smoothed out.
BTC is neatly on track with crashing through the triangle before Black Friday (no exception this year), and rallying start of January like always.
Probably will be cooling off quick off quick at 57k or max 66k, dip back to the other area then ATH.
Another scenario is straight down now to the floor. and then year long sideways bear-market where alts will just do fine (let's pray).
Anything else is just bull dreams.
I have seen first hand last night, in an act of desperation trying to keep on track: whale bots pushing the 14 EMA back up out of a 1h death cross with the 20 MA, which would have cascaded into a crash down to 44500 right away (and lower).
(Please tell my family where you hid my body).
New floor around 27k whatever happens.
Don't believe the hype.