.. so I've been watching and reading about btc technical analysis almost daily now, and I'm kind of sick of being in this current triangle. I've only been in btc since September so I really don't have that much history, but for those who have been in btc much longer - how much longer do you think it will take before btc goes back on the upward trend again? It just seems like a really long sideways movement.
I don't think we are trading in a sideways channel right now. It is a rare event in a cryptoworld which doesn't last for long anyway. Technically, we are still going down, that is we are in a downtrend as of yet. It needs time till we consolidate, the market volume goes up, and then prices start to rise. The dollar interest rates are also declining at Bitfinex which reflects the overall negative sentiment of the market.