BTC has a bearish divergence in OBV between the 2017 bull run and now. If we see BTC breaking down to around 13-14K then using Elliott Waves I think we are seeing a macro ABC correction following a wave 5 with a top at 69K. The drop to 14k region would correspond with the 87 Month SMA, this would be wave A, BTC could end up range bound between the 87 Month SMA and the 21 Month SMA, this would be wave B until they cross triggering the C correction.
Strategy - Long at 87 month SMA area and ride the B corrective wave, target 21 month SMA
then Short all the way back down to the 2018 lows.
Invalidation - BTC holding between the 39 Month SMA and the 50 Month SMA just like in past corrections.
Strategy - Long at 87 month SMA area and ride the B corrective wave, target 21 month SMA
then Short all the way back down to the 2018 lows.
Invalidation - BTC holding between the 39 Month SMA and the 50 Month SMA just like in past corrections.