Whales, high volume traders and bots have a vested interest in keeping the charts flat to play off the volatility. Lots of money being made in this market by professionals who know how to trade it. Panic buying and selling is putting money right in their hands. Use logic, not emotions in this market and try to think of what the big players are trying to achieve.
Large scale descending triangle formation, although we can see a trend of higher lows being established recently. I can see a retest of 1300 satoshi mark before a potential upside breakout if BTC recovers and overall bull market reestablished. Appreciate feedback and discussion :)