BTC Daily Dose 3/19/19

Not much has changed in price action from yesterday. We are still hovering around $4100 without the ability to break past it. I expect the contraction of price movement to end by Friday where we will have some more volatility. Short-term I am still expecting a drop to $3937 and if it breaks there we would revisit $3625. My position on this is still neutral, I am not longing or shorting Bitcoin until we break out of this channel. A long at $3937 is still the best play right now and then absolutely long at $3625. Remaining neutral/flat is the best play right now. We are still in a macro accumulation phase in my opinion and I’m going to stick with that hypothesis until price action tells me otherwise.