Up then down?

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Every day at 17:00 for the last few days BTC can continued to dive down. In this chart I've set out a couple more lines at 17:00 to see if it keeps patterning down. I will update this chart over the next few days to see if it keeps up. I am very new to this so take it was a grain of salt. From what I can see BTC is stuck in the downward purple trend, trending in between the pink lines. If this continues to trend like this I think it will peak back up to 9400 and then have a hard drop down, not sure where we're going to end up but buckle up for a bumpy ride