nahuelo0

Expect some bearish and choppy price action for btc

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BINANCE:BTCUSDT   Bitcoin / TetherUS
Obv is showing a HCH divergence and the price it´s showing distribution signal. We are near 1.618 zone in the fib channel which is toppy generally. Bitcoin has its cycle and it can´t go up forever. I see some distribution on current prices based on all that wick candles and that high volume if you think about it it´s a good price (near previous ath) for taking profits for all professional buyers who bought cheap. Buy low sell high rule number 1. I think all the money will flow into ETH and altcoins. I think isn´t time for focus on btc now.

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