I would call this a Change of Character (CHoCH) for BTCI want to share with you that the 2 Day On Balance Volume (OBV) is now below its EMA(100).
The last time this happened was at ATH in November 2021.
Also the 2D OVB EMA(100) was spot on at the ATL in January 2023.
BTC has reached it's 6.618 Fibonacci of Wave 1 resulting in 698%.
Don't you think a correction would be in order?
And yet people are still talking about a coming bull run ;)))
I don't say this is the final top, even though it looks like it… one more high after a short correction could still be possible.
I'm just saying this is something to keep in mind » Already 7x, bullish OBV is finished AND … according to a simple sine wave (yellow) we are now in a down phase until around February - March 2026.
Let's see what happens.
