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BITCOIN āš’ļø Miner Post Halvening Drop? šŸ¤®

Short
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Confluence of indicators had a Change of Character šŸ‘šŸ¤ŖšŸ‘ŽšŸ˜¬
  • šŸ’š In the past, when BTC Hash Rate dropped to its 200 Day Moving Average + RSI Oversold šŸ’ + On Balance Volume was at Support šŸ’ = Excellent Buying Opportunity.
  • šŸ”“ Currently, BTC Hash Rate dropped to its 200 Day Moving Average... BUT RSI Overbought and rejected at Resistance šŸ™… + On Balance Volume Rejected at Resistance šŸ™… = Maybe this foreshadows a miner capitulation?

ā„¹ļø On Blockchain website
Hash Rate (Raw Values) = Lower Low
Miners Revenue = Major Drop in Rewards

How long can these miners HODL before they need to take profits?

šŸšØ Although, this is posted as a Short. I am not in a short position, just holding cash, waiting for the next buying opportunity!
Comment: If you were going to Short, here is your confirmation that the Uptrend has been violated. Stop Loss would be 3% above break of pitchfork.

Comment: Nice rebound off the 200 Exponential Moving Average on the 1 Hour timeframe. šŸ˜®

But I am suspicious of this price breakout above the $9,400 Resistance because the On Balance Volume has been trending down while the price has chopped sideways.

I dunno how much higher the price can go. Most likely a Bull Trap. šŸ‚šŸ—”ļø

šŸ’” The On Balance Volume would need to breakout of the red zone I drew... for me to flip bullish. I'm not in any position, just patiently waiting for now.