2 ways to draw the top trend channels of the triangle that the price action spent 3 months in. You can use the top of the wicks for the bullish scenario and if that's the case then BTC is out of the top of the triangle and as soon as these retarded exchanges get their shit together we can go onward and upward. Scenario 2 is the one I agree with. You draw the trend line using the bodies of the candles which is the more conservative scenario. In that case BTC is back in the triangle ranging between 9,000 and 9,400. I honestly believe if it was not for the Coinbase, derebit and Bitmex glitches liquidating traders then I think the price action would have already went up to test the top of the trend line. However, traders either got liquidated or are gun shy because of their shady exchanges and they are now looking for new exchanges to trade on. However, we should see a move upward at some point this week. One more thing, the NVT signal is close to crossing over indicating a downtrend possibly. However, it looks more like it is shaping up for more sideways movement.
@VincePrince, Thanks. I think we are also in a trend within a trend. We are back in the triangle now and we could fall back in the bear channel that you analyzed.