Like LTC, this is an ugly chart. We may be in for another long stretch of consolidation. If the price breaks below ~3200 - watch out. That may be what it finally takes for the capitulation to take place. Dreadful price action.
Things are looking kind of bleak for BTC right now. The good news is that it is currently hovering a little under $8000 and hasn't begun a slippery slope drop down to the dangerous $7400 level - which if breached - might produce a dramatic waterfall event.
I'm redrawing the BTC chart since it broke out of it's triangle. This new chart indicates a potentially dismal price future facing us.
Check out the two timelines. The first is short term. Ugly. The second chart shows a channel going back to December 2017. Even uglier.