Orange: Using bottoms as basis of trend lines. Blue: Possible new trend, using bottoms as basis Green: Possible new trend, using fail point shared by both orange and green as basis.
Market volume remains consistent, upcoming chinese new year might have a small dip which can be used as a confirmation for blue or green trend. Coincidentally, the trend covered the rumored 14K price mark by march.
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Chinese New Year effect has kicked in. Less overall volume.
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No signs of fuds recent days and price have been in stable range. Still, every up there will be down but since we are on upward trends, the down will not be as big as you might wanted it to be.
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Honestly, I was worried when it grew beyond green line. I was wondering if it was a mooning indication or a dip indication or even a crash indication. However, considering that the CNY celebration is over for most which means small amount of CNY money is coming in. Any dip will be covered up by those money.
Next thought was will it be a crash indication. Looking at the USDT graph, the next possible crash should not be now.
As for mooning indication, if is mooning, is a good thing, nothing to worry for now, the worry is for the future to come.