Thanks for all the compliments!

Unfortunately the Confluence (that confusing part) took over, and fizzled the attempted recovery.

Basically, Confluence is a measure of tons of technical indicators. These are the things technical traders like to watch. So no matter what technical traders are watching, when the majority of those indicators are pointing down, that means there are lots of traders who are thinking down.

So when most of traders are looking at screens saying "down", that's definite pressure on bitcoin.

That's why it's important to be aware of what's going on around you before you take a trade, or make an investment. Lack of situational awareness is always a killer.

: )

cj