Everyone is watching the obvious symmetrical triangle, but let's face it, this is Bitcoin, and things are going to get nasty because it is so obvious.
Considering past sentiment waves, a further pump here could convince the market of an upwards breakout, which will be sold down to new lows. At that point the market will capitulate and see real fear and be convinced of a bear market, which is where the bullish wedge confirms and Bitcoin bounces HARD.
But this is just a guess. Indicators tend to suggest a longer bear phase, so this is legit my bullish hopium more so than what indicators necessarily say. Short-term volatile, but up with maybe one more low. Mid-term down and extremely volatile and confusing. Long-term up still, but becoming mixed.
Putting this out there because the charts I don't publish tend to be the ones that do the best. Need to get in the habit of publishing more to help others.
Any whale who is willing to buy higher up, certainly doesn't mind waiting to see if we go lower. I think the obvious resistance in the 40-42 level, if not broken will result in the capitulation. Unfortunately I am not confident that my Coinbase exchange will be online when the real deals are available. We'll see. Regardless, I think that in the future worrying about a 10k Bitcoin price difference will be seen with some humor as 'mouse nuts'.
CoinChartist
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@conradkz, really excellent point on "worrying about a 10k Bitcoin price difference". I was thinking about this the other day being shocked when Bitcon would drop $100 in a few mins. Now it drops thousands min a few mins. Incredible.
chillcrypto
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@TonySpilotro, I tell myself this as I had a few small buys on dips near 57k :-) Just means I'll eventually only make 45% on that trade when we reach our ATH. Obviously, the better trade would have been to exit at 57k and buy back in at 27k. But again, I wouldn't have had that opportunity anyways due to Coinbase being down. Maybe though watching this next wave, I can catch a few more and dollar-cost-average some more.
nov768
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Most altcoins have that symmetrical triangle. What can go wrong?