i will be acc. in the purple box
in last posts' comments i posted a link to an obv chart. check it out as well
fibonacci extension + curve tool
we will see. im bearish but this is eye opening. thanks for the rsi indicator @wyckoffmode
see my other charts for more analysis on this idea, and my analysis on btc cycles
Wave 3 is complete i believe. ill post a wave analysis in comments
i believe 48 will hold, people getting charged too much for holding longs. will cause red waterfall effect but bulls will take control back soon enough... 48 buy back
incoming! this is an updated analysis to the idea ive been maintaining that we go for the 1.618 extension. i will post those below
very strong uptrend here this could end in tears. i predict lift off to 200k in the fall, not before btc bores some people out. ill be stacking. if the .618 fails on that extension on the correction id expect 30k and if that breaks id expect 19k.
pheoix rsi & bollinger bands by @WyckoffMode Price is in a rising parralel channel; see recent charts weis wave volume triangulating in a descending trend. we know when it does this in an uptrend it is a good bet to long. rsi broke downtrend and retested. great indicator by @WyckoffMode I am stacking sats I will update this chart in comments if anyone cares
this midline must hold or 41.5 IS getting tested, and would signal a longer accumulation phase moving forward