Market is building an energy

Morning folks,

So, BTC slightly has changed the shape of consolidation, turning from triangle to flag shape. But it doesn't change the core. While BTC stands above 16K lows - bullish context stands intact and price is building an energy for upside breakout.

There are mostly two reasons for delay of breakout now. This is Overbought condition on higher time frames - monthly and weekly. Second - disappointment in stimulus promised to the market. No pack has followed from the Congress, and, as we suggest no stimulus will be from the Fed next week.

But at the same time we see growing political risks and think that something is ripen there. Here is might be the first bell -

This could become a catalysts of explosive rally as situation will become hot within next 2 weeks.

Meantime, we suggest that current consolidation is good area for BTC accumulation.