MrJozza
Long

Bullish pressure is emergent

BITFINEX:BTCUSD   Bitcoin / Dollar
299 1 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.
grahvity
2 years ago
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.
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