In my last update, price action was constrained to a triangle, and bound between two very close levels of . However, and remained subdued, and we never got the big move many were expecting, while BTC traded sideways, slowly moving past our yellow box (see previous update). I believe we will see more of the same in the short term. What was a triangle, looks to be shaping into more of a , where the floor is a fixed/flat level near 9,200-10,000 and the top part of the is a descending . A very similar pattern can be seen from July of 2018 to November of 2018. Additionally, there is still the potential formation, as price action remains between the blue .
There is quite a bit going on in the charts at this time, between potential bull flags, triangles, , breaks, support, resistance, and so on. Because of that, it’s best to simply leave any interesting formations on the chart, and reassess each day. For now, I remain neutral on BTC , as there are many factors, both positive and negative, that may be indicative of future price action.