Bitcoin (BTC) - confidence lines & retrace (4H OBV trends)

For all those anxious about the retrace - here are some confidence lines we might choose to follow. BTC has established a clear 4H OBV trend channel (4H is my favoured time frame for this kind of OBV analysis). For those anxious about a pull back we can use these channel trends as confidence lines. We have 2 hours left on current 4hr candle, if it closes red we will break the green OBV trend, test the RSI trend bearishly and the 40. If we close green, we continue up green OBV trend, reset RSI on 50 and remain confident! We can see on the chart (circled) the preemptive signal this OBV break gave for last minor retrace in bitcoin move up. If we see a break at the current level we might expect to revisit the 57500 price range.

Big confidence break will be a break of the purple lower trend. That is when I will brace for a return to the lower levels.