Ni6HTH4wK
Long

OBV is bullish but MFI is in downtrend with short term up

BITFINEX:BTCUSD   Bitcoin / Dollar
770 1 14
Unlike the previous bullish rally, this one might stay undercover due to the low incline of MFI             . Ultimately we're still going down but for the time being, this is as good a place to pick up some BTC as any. OBV is showing a major bullish trend but until we pop up out of the MFI             resistance line, I don't think we'll be visiting the moon anytime soon.

Considering the last rally had an increase of $159 from its local low, don't waste any time contemplating this decision.

If we follow the timing of the recent breakout in October, mid-late February might be our best bet of the final low.
Bonkzilla
2 years ago
Interesting...
Reply
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