I’ve been going a bit manic drawing trendlines this evening, then removed most of them again to distill this chart which I thought I might as well share since I quite liked the look of it.
Note the additional blue line which is a trend I think shown by Artiti in previous comments. It has a few touch points first as resistance and now as support with another bounce from it earlier today.
This chart doesn’t really change the theme of my earlier ‘bulls fading’ post but I think shows quite well the boundaries I expect the price to be constrained in the near future which is mainly between the red and blue lines.
At some point price will break up or down I guess, I still feel you could flip a coin to decide which way. As I’ve mentioned before I am reserving some fiat in case cheaper bitcoin do emerge although if I’m honest I’m feeling slightly more bullish than bearish currently what with my bull mode being reactivated and all that ..
Edit- updates in the comments