According to the monthly On Balance Volume from '13 through '17, it took 1065 days for it to reach and break higher than 2013's OBV high and 182 days after that to revisit & bounce out of that zone indefinitely. Between '17 and now, we saw the OBV reach 2017's high again at 1065 days, and we've since revisited it and, again, we are breaking 182 days now. This puts us at an April of 2017 equivalent.
Monthly RSI has only been lower than it is now for 600 days out of Bitcoins 4000 days since inception, and the monthly MFI has only been lower than it is now for 150 days out of Bitcoin's 4000 days since inception.
Strictly speaking on behalf of the monthly OBV history between '13 and '17 and how long it took to test, retest, and leave previous cycle's highs, this is a good time to get in. Historically speaking, we're at April of 2017.
End of the day, who the f knows. If you were buying from january-april and you aren't now, you're just another victim of the market.
problem is we have vastly higher market cap now and different dynamics such as the governments' worried about bitcoin and losing control of their citizens' money. it's a gamble
everything is lining up for this to be an enlongated shake out, similar to the 2012 cycle with it's two peaks. price is practically forming a giant bull flag rn, with little indication of a potential bearish turn that would take us below 27k.
we either peak q1, or wait for the next halving. either way, not that long of a wait for me...
ForexTrendline
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Nice one, keep up the good work! Here's our analysis on this instrument
dudebruhwhoa
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Nice post here, speaking of rising OBV, check out HBAR (usd and btc pairings):
Ungovernable
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@dudebruhwhoa, interesting. looks bullish AF everywhere you look.