Hello friends!
This is a continuing part of the previous analysis I made on BTC & OBV, which turned out to be accurate.
In this analysis I'm observing the OBV range again, but now from the upper part of the range.
For the past year, whenever OBV has made it to the level it is now, BTC price has either stalled or dropped.
Which will it be now?
If in case we do see a drop, there are good buying opportunities around 32K level.
This is a continuing part of the previous analysis I made on BTC & OBV, which turned out to be accurate.
In this analysis I'm observing the OBV range again, but now from the upper part of the range.
For the past year, whenever OBV has made it to the level it is now, BTC price has either stalled or dropped.
Which will it be now?
If in case we do see a drop, there are good buying opportunities around 32K level.
Note
Here is the previous idea:
Note
Expecting something like this to happen, either we break this grinding upward channel to the upside or downside. Could end up breaking it up like we did on 23rd of October!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.