Yup!
2H chart shows a good uptrend.
4H chart is ending the downtrend.
Exactly this. We are entering classic head and shoulders pattern here. I expect that people who dipped and sold and the bottom are uncertain of the next move.
And people who bought are scared to collect their profit yet, which may cause the prolonged time of market uncertanity.
Anyway, I think that this news:
http://www.globalcryptopress.com/2018/02/us-gov-gives-cryptocurrency-green-light.html is gonna take us higher!
It would be a whole lot prolonged and there is no doubt about it. Bitcoin broke some of the normal trading rules and generated some panic in the market which new money and smart investors would not even want to take that risk now. However, consolidation period too is good, a lot of alts will be doing well within this period, while we end up having more time to hold more BTC before we start seeing a rally formation.
For now, I do not even think the bears have any more gas in their own tank, since we have reached the oversold region on the RSI. The bulls would really need to do more than this present situation in the market to be able to get the market back in the uptrend position. So many investors still believe this may be a bear trap and cautiously trying to monitor the market so as not to make a huge mistake, but I guess we will have to wait and see how the whole thing ends.