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Bitcoin is showing great relative strength.
When looking at price action we have to look further than just what the candles are doing imo.
Right now we have:
- Relative strength double buy signal and continuation
- 1D OBV breakout
- Above 1D 50SMA
Alone, data points are good, but together, with confluence, they are great.
I still favour continuation higher here, based on the above.
We also have increasing liquidity, increasing capital multiplier through the system, and positive momentum in equities.