BTC has been in this channel for a couple of days now
You can see that even though it has been rotating from channel low to channel high multiple times, OBV has been on a steady decline, meaning we have bearish divergences on the lower time frame.
If we break to the upside, 63.7 - 64k is still an important level
In my last idea I gave the monthly as the level to look for, we hit it before coming back into the channel (we bounced off the fib golden pocket more precisely). However, if we break the channel to the downside again I expect the monthly to be broken
Any questions?
Good luck traders
Remember not to break your rules
Habib
You can see that even though it has been rotating from channel low to channel high multiple times, OBV has been on a steady decline, meaning we have bearish divergences on the lower time frame.
If we break to the upside, 63.7 - 64k is still an important level
In my last idea I gave the monthly as the level to look for, we hit it before coming back into the channel (we bounced off the fib golden pocket more precisely). However, if we break the channel to the downside again I expect the monthly to be broken
Any questions?
Good luck traders
Remember not to break your rules
Habib