BTCCNY: Things might get boring for a while

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Bitcoin appears to be stalling after an incredible surge when breaking out of a biweekly mode a couple weeks ago. It managed to test a strong resistance at 5047.50 and instantly fell back down, breaking a bar's low. Currently, price rebounded and is trading slightly above a key resistance level, so it'd be possible get a rally in this pair. For now, we might be looking at a triangle type pattern, where there are a variety of smaller trends that fail at extremes, and a rally or sharp drop occur, depending on where price is and other fundamental events in the big picture narrative.
The halving will come soon, this is a highly anticipated event, I'll pay close attention.

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4h shows a very visible period of consolidation, or a triangle, which is what it is, has started to unfold.
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We might rally from here. Risk is 5% to the downside roughly. Upside 15%.
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Let's see if it keeps going.

s3.amazonaws.com/tradingview/snapshots/j/jaT5U5F4.png

Upside to 4877 at least.
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Trapped inside this range still.
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We're less than 300 rmb higher than the price when I posted...this is the definition of boring.
$okcoin.comBitcoin (Cryptocurrency)BTCCNYrgmovtimeatmode

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