This is a simple yet very effective projection provided by the On Balance Volume (OBV) indicator. I’ve charted Bitcoin on the 1W time-frame on this one in order to include all of its historic price action.

This one year sideways (though the margin is wide, it is still sideways for BTC’s standard volatility ) price action based on the OBV is nothing more than an Accumulation Phase. This is similar to June 2016 – April 2017 on the previous Cycle and with July 2012 – December 2012 on the one before. As you see, the OBV also provides clear patterns for the Cycle’s final rally towards the Peak and the Bottom. Right now the closest pattern this past year looks like is the Accumulation.

This approach indicates that by the end of this year or beginning of the next, we should see the current Cycle making a peak. Where that can be? Well since each of the past two Cycles peaked on a +.382 Fibonacci progression (2.382 in Dec 2013 and 3.382 in Dec 2017), then the 4.382 Fib should be the next candidate for a peak, which is around $280000.

So what do you think about this OBV approach? Is it reliable in suggesting which part of the Cycle we’re currently at? Feel free to share your work and let me know in the comments section below!

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