Look at the weekly stochastic RSI - It is as high as it was at the last ATH.
When we draw Fibonacci lines from the top of the big drop last year on 7 November 2018 at 6544, and put the current level at 50%, we see we arrive near the 1350 High of 10 March 2017 at 100%.
If this sideways market is nothing but a descending triangle that is now closing, then one of these days the big dump can happen any moment now.
I was looking for a bounce up first above 4K, but this momentum seems a bit exhausted at the moment. So, though a bullish "fake out" is still possible, we might just as well dive in the crypto abyss, today or tomorrow or on monday...
I closed all my long positions and decided to short and will add to my shorts if we climb higher.
And when we do dump below the 200SMA ...