I'm with you; I was actually disappointed when BTC bottomed out at just below 10K. I had my finger on the buy button @ 8K, and was thinking that maybe it should have dropped to 7k.
This volatility doesn't bother me at all, because it is not indicative of value. These prices are driven by speculation, and not actual value. CryptoC value has remained the same. The question for the long term investor (I'm not a good day trader) needs to ask is whether or not the value is going to increase over the long term, which it is.
Another important question is when (and if) the alt coins are going to break free from "mamma BTC", and hold their own value based on their own merit.
I think alts will be more and more free, but the entire market will always much react as one - all markets do, as the weirdos investing in them are always the same ;)
I've been thinking about this once again and tried a grander approach, that would see the entire wedge on a larger scale, lead us down to 7000+ and give us time to regroup and grow by early March.
That would mean we can have 2.5 months of an actual bear market, lower lows, the works - and only then, what with capital influx etc, start growing rapidly again... we'd have had our crash, everybody would be relaxed and happy. BTC would have fallen from about 19k to almost 7k, two thirds, who could ask for more.
Fresh bull market, all paranoia gone till... end of he year ?
The blue/greenish lower lines coming from the left to cut the upper triangle border near the possible breakout point have their origins at lows from July onwards through November... till mid February however, only day trading looks profitable.