the way I see Technical Analysis is that it is and always has been a total bullshit that has no reason to be true. at least 90% of it is. that is why many call TA pseudoscience!

BUT the thing is, a lot of people follow it so it comes true!
imagine if majority expect a price drop. what would they do? they sell so price drops.
what if they expect a price rise? they buy so it goes up.

so I say TA is not predicting the future, it is shaping it. in this case when the third down happens the expectation is a rise. now combine that with all the $10k is the bottom, January is the time to drop and February is the rising month each year, the LN news, the adoption,.... and you get yourself a prediction that is coming true.