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Really interesting spot here for Bitcoin.
We have a pretty rough looking daily candle, but we also have:
- Break of trend and hold
- OBV breakout
- Held above $70.5k
You can see that this looks strikingly like last April, where we had a break of trend and then an OBV breakout.
Compared to December/Jan when there was no OBV breakout.
Both the metrics I use for relative strength compared to price, OBV, and the capital allocator chart i share, are both signalling strength here...
Which is the opposite signal to this daily candle.
I'm leaning towards continuation here but lets see how the weekend plays out.
Whats you thoughts chads?