BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
If you use the weekly time interval and chart price back to the 1200 peak, you will find an interesting thing about OBV: we are at the same point, and we seem to have done a double peak. On the other hand, indicators like the RSI seem to be completing a H&S pattern which would be the beginning of a huge bear cycle. If this is the case, we could go back on the 300's or lower. I hope it's not, but it should be considered anyway.

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Looks the same as September 2013 to me...
+1 Reply
purpurato59 dangolbery
I was checking for the OBV, you are right, things were quite the same.
agreed, interesting points about the 1 week OBV and RSI on the bear side of just going to wait for this pennant to break on good volume and go from there.
Thanks for your comment.
On some of my previous ideas I also draw triangles, and their definition came nearly in the apex, which is not common for this pattern. "Following the book" this triangle should be defining already, but I guess BTC has its own ways and we will have to wait till the end of February to see.
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