The local support (green) and the bottom of the 1D are acting as support. A break of this level, which is not too far away, is a great short.
Another way to look at this is that we are in a bull market (corrective wave) and buying at support tends to work out far more often than not.
The Core vs Classic debate is still not settled, therefore the prospect of a sideways channel is very likely. Price could still sell off, but it would need to be soon as the base now being made will start acting more like a sideways channel than a in a downtrend.Both the bulls and bears can take advantage of this pivot/transition zone.
I am cautiously optimistic but not not going in super deep before 2MB debate is settled.
from what I know the next upmoon is about the same time as the secret BTC meet up, so a turn then seems likely.
astro wise, which I take far more into consideration is meh right now. lol. the serious blast off moon run should be in july. as in not much saturn in the picture then. Mmm, like parobolic then, not the start of the uptrend.
there are some conjunctions that start in march into may that hold into summer that are historically present during BTC pumps. so, a total 100% astro trader could enter a bit in late feb and then again in march, maybe 14-25th, and hold till july 30 and do well. or that is what the crystal ball seems to be telling me.
ta wise there are 2 triangles worth noting. one that ends in a few days and another in mid march. so that lines up with the 2 astro buys i mentioned. BTC also has a roughly 230ish days cycle (that totally jives with Jupiter direct btw) and the next cycle top is mid summer.
thus between classic ta, fractals, and astro they all seem to be point to the same time frames.