Woockalich Ratio NVT

17 dic 2023

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.