Bullish funding on BAND. To not profit on this, theoretically Band would have to remain in the buy zone and never break above it again. I will be accumulating now at $4 support and also below in that entire buy zone region if it gets down there.
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Descending wedge (bullish) consolidation on price action for Band/BTC. Meanwhile, Bullish divergence in the form of higher lows on the OBV (funding) indicator.
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BAND making more bullish divergences on OBV indicator on different exchanges..
Fear no crash. Continue to buy if we go sub $4. $2, $1, $0.50, just load up.
Interesting, thanks for sharing. I hope I can leave you with a few questions: What is the 'funding' data point? How do I find it in TV and what is it telling us? Looks like it is putting in a double top though-I do love me some Band, thats fo sure.
brendanlonson
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@Cryptough, Ah yes, one of my favorite indicators: OBV or On Balance Volume. Just search for that in the indicators on TV. For green candles, volume will be added to the OBV. For red candles, the volume gets subtracted. An increase in OBV while price decreases shows that the funding is overall bullish because there is larger volume on the green candles. Basically, smart money accumulating. When looking at this indicator historically over several different charts, it does a pretty darn good job of exposing a breakout in price before it actually happens. As for the double top, yes I do see that but don't find it large enough or on a big enough time frame to be significant to the overall trend. The OBV line for Feb and April 21 (when price was highest) is much lower than the current OBV level. We would expect OBV to drop as the price drops and the OBV from Feb 21 to be higher than current OBV, but this is not the case. Despite the drop in price, OBV has continued on an uptrend, making new ATHs, which indicates that prices might follow. Same thing for Nov 03, 21 and Jan 05, 22: price making lower highs while OBV making higher highs. Smart money is accumulating.