MrJozza

Bullish pressure is emergent

Long
BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
325 views
6
We are beginning to see a bullish divergence on OBV with the 4h chart, likely soon on the 1h chart. Here appears to be a reasonably safe buy, risk can be adjusted for with dollar cost averaging. I believe it is unlikely to dive, looking at the OBV curve unless there is an outside news influence.

Comments

Agreed. ThisArea has potential. From a market structure point of view, this is beginning to look like a nice big W instead of an M. Break above, close above this last top confirms a reversal, IMO.
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out