This chart (BTCUSD) maps the all time price history index of Bitcoin to the U.S dollar in traditional candlestick form and visualized with the OBV (On Balance Volume) indicator on a logarithmic scale.
Currently, the price is about to enter a "Chop Zone" where the price, historically, becomes very unpredicatable. There is also a trend line in the chop zone which has shown strong support/resistance in the past.
Currently, the price is about to enter a "Chop Zone" where the price, historically, becomes very unpredicatable. There is also a trend line in the chop zone which has shown strong support/resistance in the past.
GREEN ELIPSES = Beginnning or ending of a market cycle
YELLOW RECTANGLE ON OBV = "Chop Zone"