BTC confirmed a bear divergence in SQ and OBV OSC has a massive bear divergence confirmed.
As you can see since April OBV is not following BTC following the OBV theory. "the volume should follow the price"
BTC is in a very critical moment now.
Facts( for me): BTC will not hit 100k this year (following my system)
As long 48k holds BTC is in weekly uptrend long term bullish for now.
CRITICAL if BTC breaks 48k we will see again 30k again but this level will not hold.
if 30k breaks we will see 17k or lower in 2022.
BULLISH: I want to see 48k holding to keep the trend intact in weekly from there I am expecting a nice bounce.
BEARISH: If BTC breaks 48k we will see a weekly downtrend (Bear Market)
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Bitcoin hit 48k (42k actually) BTC must hold 45k-48k to keep the bullish trend in weekly if this area breaks(there is a very high probability btc will do it) I am expecting other test to 30k .
Mid term (1D) I am expecting a bounce to 50k-53k level from there continuation of the downtrend
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After almost one month in sideways BTC is showing signals for a bounce in 1D chart as long 47k holds I am expecting a test to EMA 55 1D chart to continue the downtrend.
@Skyito, the metavers thing is just fomo at this point. Money needs to go somewhere until people say F it ..
Skyito
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@astusTrader, right! I am not a TA person but at this point, I will stick to TA. I am ok if i missed the boat :). At the moment, my shit coins are gaining me over 15x. :P
LeonidasCrypto
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@Skyito, enjoy the ride. in a bull market we don't need special skills to make money.. that means you are just lucky. the biggest difference between normal people and professional traders is not to make money is how to keep it. usually gamblers and fomo boys are making tons of money but because they have no idea what they are doing.. they will lose everything in some point. Enjoy your profits I hope you can get out before of the bear market appears. Cheers
Skyito
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@LeonidasCrypto, I have told my colleague 1 month ago, BTC must hit at least 48K coz I can see the hyped is so imminent. Yea, that happen today :P