3 minutes ago
NVT is pointing to a large correction which has already started. I called the Top when NVT hit 161.12, a level I've been watching for a double top to happen since NVT hit 151.1. the top imo was 44400$ BTC, and NVT has confirmed a double top at major resistance (top of red channel) at 161.12 exactly. i beleive BTC NVT is bound to the red channel as stated. Slow stochastic has been pinned toppish for quite sometime with lots of air below. It looks heavy imo. Ibeleive a test of the yellow channel support is in the making @ 115.37 , Break this level and an NVT level of 60 is next major support, where BTC should bounce hard and fast. A 12.66 % drop can be expected very soon ( target for triangle pattern) , break that level at 36.3K and 27.7K will come soon after, i expect this will all play out before the halving and after the ETF aproval completing a C wave down to 10.3KBTC (currently in wave B) This is not financial advice, you should do your own research, I have been calling tops and Bottoms using NVT as a main indicator for direction in price for BTC since 2017. it is the most accurate indicator for Bitcoin tops and bottoms there is. This is my opinion
NVT is pointing to a large correction which has already started. I called the Top when NVT hit 161.12, a level I've been watching for a double top to happen since NVT hit 151.1. the top imo was 44400$ BTC, and NVT has confirmed a double top at major resistance (top of red channel) at 161.12 exactly. i beleive BTC NVT is bound to the red channel as stated. Slow stochastic has been pinned toppish for quite sometime with lots of air below. It looks heavy imo. Ibeleive a test of the yellow channel support is in the making @ 115.37 , Break this level and an NVT level of 60 is next major support, where BTC should bounce hard and fast. A 12.66 % drop can be expected very soon ( target for triangle pattern) , break that level at 36.3K and 27.7K will come soon after, i expect this will all play out before the halving and after the ETF aproval completing a C wave down to 10.3KBTC (currently in wave B) This is not financial advice, you should do your own research, I have been calling tops and Bottoms using NVT as a main indicator for direction in price for BTC since 2017. it is the most accurate indicator for Bitcoin tops and bottoms there is. This is my opinion