goncalo_bile

MARKET CONTRACTING - OBV anticipating fall

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
If we look at the daily chart , we can see that the last time OBV was this low, we were at 6k.

My theory is that all the late enthusiasts are stepping out of the game causing the market cap to contract. let's see where this takes us!

Stay safe!

Agreed. As humans, we like control so BTC isn't going to win much love when the volatility is this bad.
+1 Reply
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