An ascending wedge, which is a bearish pattern, began forming on December 15, 2018 and is going to break out at the latest on January 8, 2019. Expect an increase in volume in the coming days. Whether it's to the upside or downside no one really knows.
BE CAREFUL.
I've been hearing and seeing many people expecting the prices to go back to $3,000~ and even as low as $1500~. What I want you to keep in mind is that there are going to be bear traps, which are false bearish indicators, when the reversal starts forming. Why would we not expect them? There were many bull traps on the way down just like there will be many bear traps on the way up. I would not recommend shorting BTC/USD at these levels as there are many indicators that point that we have either already hit the bottom or are very close to hitting the bottom.
What I'm doing:
I've been moderately accumulating in the $3,100 - $3,800 area. I'm mentally prepared for it dipping below $3,000 and will buy heavily if it does. If it goes to around $2,000 - I'm all-in.