RSI and Price peak time intervals show frightening regularity. And to top it off, they both converge at a point nearing BTC reward drop aka Halving. Props to @lowstrife for pointing out all time high price peak.
There is a nice confluence in fibs in the area of 245-250 USD which looks like a good "buy the dip" strategy if this bull you think this bull has legs. Price has reasons to go down as there is some HTF divergence. I am looking at possible 270-275 short term. If things run out of steam, uh oh... But I am positive at the moment.
Some might have probably seen this already but as price trying to attempt another go at 300 again, and if it fails we may have nice arching top, creating an inverse A&E which may result in testing the 150 low even. We shall see.
My old prediction played out nicely (three thin red arrows), so here is a possible next move. I am still new to OBV forecasting so not how it plays out in relation to price action. My OBV s/r lines are more areas of congestions where there were some stickiness...
After a lack of follow through of the MS /XBOX live rally and failing new weekly pivot, bear ABCD took effect. We are currently having a small pause at a weekly support level but I don't expect it to hold (bounce limited). My target is in the 1980-50 area which is where ABCD end meets with another congestion level, fib ote and weekly support level.