This situation is very likely to play out on BTCUSDT pair. Looking at this doom triangle and all the uncertainty in the market this is most likely going to result in a crash after breakout. Some hope for holders: This setup is so clear and logical and I see alot of people post about it, now look at it from the perspective of the composite man/market maker. How will he make the most money? By doing exactly the opposite. Give the traders a triangle breakout to the downside so they load some more short positions. At the same time market maker will be filling long positions ready to crush all retail traders. Give them a false breakout and then rally towards all time high. This whole situation can be seen as an accumulation phase.