Charts Forming a Longer Terms Base

Hello Steemians! BTC continue to trade sideways, but I am seeing some interesting chart pattern. Let us take a look at the daily:

BTC daily is trading sideways from June. It has now formed multiple bottom during the process. I have highlighted all these bottoms into a green rectangle. To me it is now a zone. Top of this zone is around 6100, and the bottom is around 5800. This is a 300 point range for the last 4 months. To me this is now a strong support level. Prices are normally bouncing when it is getting there. However, if this level breaks bad things will happen and we will go much lower.

This is clear on the weekly chart as well. I normally do not look at the weekly. It is too longer term for my style of trading. But the weekly confirms additional bottoms in that 6100-5800 area from April, February and November. So as of now that is not a bad level for a general buy zone.

However the key question is where do we go from here. I do not like to speculate on that, especially when the 50 EMA on the weekly is near perfectly horizontal. So until that started trending, there will be lot of chop along the way.