Bitcoin

BTC OBV Triangle Consolidation

Triangle consolidation is a corrective pattern that tends to lead to continuation. I'm thinking we are finishing Leg C of OBV ABCDE triangle, which will lead us to close the CME gap at 9650-9900. Then Leg D will impulse us to 10900 where we will retest the HTF demand zone as resistance. Then we come down a bit to finish off Leg E around 10500, which is a major HTF demand zone. Then we pop... finally.

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