Best indicator of future behavior is past behavior - 43k or 33k

11 mai 2021

Fibs check out, patterns check out, we're looking at 43k or 33k if this patterns tests out like 2017 before it moonshots to a blowoff top. Not all patterns repeat exactly, but the data is indicating that we'll be visiting a new levels that'll make you wish you were pulled out. One thing no one seems to pay attention to is OBV. It's been decreasing ever since Feb. As a good bud of mine said, if we struggled to get past 59k long before, what makes you think we'll do it now with a lower OBV? He's right. We need the long-time bears to invest and everybody else to reset in order to move past 59k for good. The only way to get the bears in here are dropping to 43k or 33k - still up in the air where the low lands before we reach our blow off top.

'Don't take it up with me. Take it up with the data.' - Benjamin Cowen

For the record, I'm still longing BTC. What's a 30k BTC when it's going to be 100k+? May do a 50% hedge to get in at lower levels and double up on that percentage position.

Expect fake-outs that'll make you think it's not going to reach 43k or 33k before a blow-off-top. Good luck!