Although I keep checking hourly, 4hr, daily, weekly and monthly charts. I keep focusing on the daily one for the big picture and I am starting to believe we will not get out of this trading range until two or three simultaneously events create the spark for institutional money to decide it is time to jump in.
Bitcoin is a very new and different asset not comparable with anything out there right now. At present time, retail traders are eather out or holding and not participating in the market, and big whales are just waiting to decide when to enter. This is the main reason the market is not showing any clear trend.
We still need for the big move to start.
For the most part, it ran up too far too fast in 2017. So a consolidation period before the next swing up and no one knows exactly when that will happen.