- based on the 4h it is possible that 15k was/is the bottom for BTC and DI+ times are coming,
- however based on the 1d, there is strong chance for further down to 12k or a long consolidation period.
The charts shows the 12k scenario: goes close to zeroish, goes down to 30, MA42 stops the downtrend. (Yet, if I take the weekly DMI than there is ~20% chance that BTC might break that line and may go down further...)
Since BTC has had a superlong and superstrong DI+ period for a month, I would say 12k is likely, yet the superincreased OBV and hype might stop it at 15k now....I have no idea.
But, there is bigger concern for me: I have problem understanding that since Dec, BTC-LTC-ETH 1w correlation is 0,9, which is hyper-high, from this perspective these coins are "one", which is super-unhealthy, I think. Why are they so super-correlated? Will it remain that way? Ideas? Why people panicking about LTC/ETH when BTC falls? (The conversion only shall not explain this 0.9, there are not interconnected system in real life, but in the exchange they are. Why?)
This was/is NOT a trading advice from me. Always use stops, try to avoid FOMO, calculate risks and happy holidays!