IMO, the 4 HR OBV has been the best indicator of long-term BTC price since $19k. I like the OBV because it combines price with volume, and I like the 4 HR OBV the most because it predicts future behavior better than other time frames IMO.
You'll see the bright blue trend line was active for the longest time until April 27th when it was broken (crossed at the bright green line).
I thought the bright gren line indicated the start of a long-term bull market, but you can see that it entered another down-trend (purple line) that started on Feb 20.
We are currently on the pink trend line and have just crossed the purple line. It's possible that at this stage that we rejoin the purple trend line.
The good news is that the gradient of the purple trend line is less than the blue trend line. Even if we continue the down trend I believe we will eventually curve upward (yellow line).
You'll see the bright blue trend line was active for the longest time until April 27th when it was broken (crossed at the bright green line).
I thought the bright gren line indicated the start of a long-term bull market, but you can see that it entered another down-trend (purple line) that started on Feb 20.
We are currently on the pink trend line and have just crossed the purple line. It's possible that at this stage that we rejoin the purple trend line.
The good news is that the gradient of the purple trend line is less than the blue trend line. Even if we continue the down trend I believe we will eventually curve upward (yellow line).