Flirting with VG ~5

BTC: $40,799
OBTC: $25,660
VG: 4.97

As mentioned in my previous belatedly published post, our target is very simple: get over VG 5 and stay there. On the right track — we’ll have to wait and see where we close out the week. If we can hold above VG ~5 over the next 7 days, we’ll be very close to invalidating the bear market scenario.

In the above case, the most probably outcome would be a mid-bull accumulation period, somewhat similar to 2013, as we have discussed many times.