Bitcoin Weekly Sell Signal.[LONG TERM]
Updated
This is my first TA (in this account)
This is my long term TA for Bitcoin.
BTC confirmed a bear divergence in SQ and OBV OSC has a massive bear divergence confirmed.
As you can see since April OBV is not following BTC following the OBV theory. "the volume should follow the price"
BTC is in a very critical moment now.
Facts( for me):
BTC will not hit 100k this year (following my system)
As long 48k holds BTC is in weekly uptrend long term bullish for now.
CRITICAL
if BTC breaks 48k we will see again 30k again but this level will not hold.
if 30k breaks we will see 17k or lower in 2022.
BULLISH:
I want to see 48k holding to keep the trend intact in weekly from there I am expecting a nice bounce.
BEARISH:
If BTC breaks 48k we will see a weekly downtrend (Bear Market)
This is my long term TA for Bitcoin.
BTC confirmed a bear divergence in SQ and OBV OSC has a massive bear divergence confirmed.
As you can see since April OBV is not following BTC following the OBV theory. "the volume should follow the price"
BTC is in a very critical moment now.
Facts( for me):
BTC will not hit 100k this year (following my system)
As long 48k holds BTC is in weekly uptrend long term bullish for now.
CRITICAL
if BTC breaks 48k we will see again 30k again but this level will not hold.
if 30k breaks we will see 17k or lower in 2022.
BULLISH:
I want to see 48k holding to keep the trend intact in weekly from there I am expecting a nice bounce.
BEARISH:
If BTC breaks 48k we will see a weekly downtrend (Bear Market)
Note
Bitcoin hit 48k (42k actually) BTC must hold 45k-48k to keep the bullish trend in weekly if this area breaks(there is a very high probability btc will do it) I am expecting other test to 30k . Mid term (1D) I am expecting a bounce to 50k-53k level from there continuation of the downtrend
Note
After almost one month in sideways BTC is showing signals for a bounce in 1D chart as long 47k holds I am expecting a test to EMA 55 1D chart to continue the downtrend. 
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