BTCUSD: Very large triangle, like in last bearmarket at play

Well, BTC is dragging it out as long as possible, a scenario that I feared a few months ago already, meaning that BTC would bore us to death.
However, it cannot continue doing this for much longer.

There is a very large triangle forming, very similar in structure to the one from the last bullmarket and subsequent bearmarket.
Back then it broke to the downside.

Now, we are in a very similar situation.
-Stoch RSI on weekly extremely overbough, also on 3d and 1d. Perfect constellation
-Daily Tx are dropping again, still far below all time high
-BBand structure similar in the weekly
- Drop would fit theory that BTC cycles are getting longer => low 3-4 months later than last bearmarket

Strong area of support around the 2k area.

Then, the new uptrend will start in 2020, and then of course it depends on how long BTC will need for the next ATH.
The longer it needs, the higher the peak.

I think 150k is the minimum now, 200k is possible if peak occurs later, in 2023.

That has been my view since a year now, and nothing has changed.

Comment:

Forgot to add: The two curved support lines are the weekly MA300 and MA400 respectively.

Comment:

Well this dump was expected, since BTC managed to do something which I've rarely seen since 2013: It was overbought in the stoch RSI in 1w, 3d, 1d, 12h, 6h and 4h timeframe. Every timeframe well above 80, often even 100. Crazy! So, no surprise.

In the weekly picture, this is not even a blip yet:

So, let's see if this develops into the dump that I've been expecting since a while, down to the weekly MA300/MA400 level (2.4k-1.8k area)

Comment:

The dump is getting more momentum. It becomes more likely that this here is indeed the beginning of the big one. Finally, I was really getting bored. This will now unfold over the course of at least 4 weeks.
I will update this as we go. Support remains unchanged, MA300/MA400.