The On Balance Volume indicator (OBV) is used in technical analysis to measure buying and selling pressure. It is a cumulative indicator meaning that on days where price went up, that day's volume is added to the cumulative OBV total. If price went down, then that day's volume is subtracted from the OBV total. The OBV value is then plotted as a line for easy interpretation. On Balance volume is primarily used to confirm or identify overall price trends or to anticipate price movements after divergences.
If Bitcoin is the gold of cryptocurrencies, then Litecoin is the silver of cryptocurrencies.
The only indicators you need are the following:
On Balance Volume or the OBV – The OBV indicator is based on the idea that both the volume and the price activity are equally important. In this regard, the OBV combines both price and volume to show you the total amount of ...
Confluence of a Rising Wedge and Bearish Divergence on On Balance Volume suggests that downward price action is imminent.
Target illustrated is ideally a minimum target. Price could conceivably go lower.
- Divergence on OBV Oscillator
- OBV high/low cross for big move
- Tapering volume
- Retested support
- One of the coins that didn't blow up like every other coin
Got a bearish flag on the OBV. With all the bullish flags being invalidated it makes me think the bearish flags will be validated. This chart is mostly just some points and patterns I found of interest. Not Really sure what to make of it all, what do you guys think? What patterns do you see?
There's a lot going on on this chart, so don't worry, I'll explain it.
You guys already know how bearish I am, and that I do believe BTC will hit the lower trend line of this triangle again and bounce before we hit $5k and bounce again. BUT, I'd be doing a disservice if I didn't consider this bullish view. I've been working with bullish scenarios and seeing which ...
Hi,
I just thought to quickly look at the chart and see when I can buy in again...
Do you agree with me or would suggest something different?
Thanks for looking at the chart!
Have a nice day!
Pat :)
A 1D overview of Bitcoin's recent history against the US Dollar on Bitfinex. Put simply, I'm not making any entries until price is back above the 21-day MA. This is my master chart layout and includes all of my frequently used indicators and conventions.
Everything confirms and shows a downtrend, but looking at the trendlines and centre line for the RSI indicator. It seems that we can perhaps hope for a reversal soon
IF
1.Candle stick crosses the grey dotted line and we see higher highs.
2.OBV line crosses grey dotted line and we see an increase
3.RSI crosses centre line (50) for a bullish momentum.
Do you agree ...
I would feel more confident if the ADX (black line) is above 20 but in a falling state. In this case it looks as if it increasing...
My interpretation of Volume and Price:
Volume Share Price Interpretation
Decline Uptrend Bearish
Decline Downtrend Bullish
Increase Uptrend Bullish
Increase Downtred Bearish
What are your thoughts on GLBS? ...
