$BTC OBV I have NOT changed anything to the chart - OBV holding Right now the price is going down very slowly (no panic selling, no mega volume) and the OBV is holding, the RSI is super oversold. This is max pain, it means it is max opportunity. I am not saying to sell your house to buy bitcoin now, I am saying the probability to have good entries for the next...
Until we get big volume, I think we will stay at this trendline. We could imagine a scenario where BTC pumps to retest the upper trendline. If it can NOT pass through, it will be a confirmation of a downturn and a great short entry. This is when things could get nasty.
$ETH - OBV is not necessarily bullish to me, I'm not bullish ...
The $BTC volume has been going down for 9 weeks in a row. We are off to a good start - if this weeks stays green, we will see the OBV respecting the middle trendline.
This confirms the RSI and Volume data - it is very hard to guess where it is headed next. It is nice to see the weekly OBV at a major trendline, but the price gap and the weekly RSI give confusing indication. Like I said, be ready for anything, as always.
$ETH with WEEKLY OBV - Do you think the green line will HOLD? The weekly shows a clear trendline on the OBV. It could stay on this green dashed line but this is quite likely that it will visit the solid line as well. Trade safely!
$BTC OBV went down a little. If it goes like this for a few weeks and it touches the lowest red line, while price stays where it is, I will call this a bottom and regain confidence toward the upside.
These bullish divs in the 4H BTC chart often play out quite well. I'm not excited that we are below the SuperTrend on that timeframe, but the OBV div is set to print in the next 50 minutes. Keep your eyes peeled. Elliot Wave has fully played out as well on multiple time frames. Let's see how it goes. Market feels super heavy except for NEAR and AVAX is holding...
Your job as a trader is to find assets with RELATIVE STRENGTH to this downward trend (if you're long). $NEAR fits that description, for a simple reason: It's at support on the OBV, right above the daily MA200 and the MA200 is pointing up. This means that not only is the asset still bullish, it also has a significant edge in your favor: EASY INVALIDATION OF A...
Dear TradingView-Community, today I want to share the first investment idea and I hope it will help you making the right decisions or bring a new perspective to your analysis. I really would like you to ask for feedback, that I can also learn from different views to become better over time. Thanks a lot for your time and I really hope it is not wasted, but for...
this break in OBV could tell the story of what is to come in the short term. Still bullish on high time frames but on LTF there is reason for concern...
Hay All Traders, I'm not a financial advisor, Don't buy or sell bass on what I'm saying... PLEASE DO YOUR OWN HOMEWORK. THIS POST IS JUST FOR INFO ONLY... At this time, I do own a small amount of this coin! I'm looking at the daily chart and putting on my version of the RSI, and yes, it has a lower lowered, but it's still hodling the overall trend. With my...
As the two mentioned indicators confirm each other AND the weekly RSI is also overbought I risk a little short position. Nevertheless, market could move higher anytime so I would only risk 1% with this first trade. If there is a new a high and I get stoped out I would risk another position if there are signs of weaknesses. If the short plays out well I would try...
- Price action forming lower highs during downtrend corrections. - OBV metric creating Higher highs. - Downtrend continuation imminent. - Evening Star candlestick formation also apparent. Reversal pattern.
Since the year started, OBV had stayed above the horizontal purple arrow, but since mid-May, it has been downtrending, and on June 5th, it crossed below this level. RSI divergence shows some strength, as we are making higher lows. But the order of importance is: price, volume, RSI. The width of the Bollinger Band hasn't been this low YTD, which is signaling some...
Watching the gap at 3.50 I have a feeler position on (just my style) 2M float.....OBV don't lie so I'm rocking with the feeler position with a limit around $3.50 as well (full size with a bracket SL) Be careful.
OBV showing a wide discrepency vs spot. I am long here looking for a move possibly to .70s in the short term. Stop below the daily range its been in. Size appropriately.
Breakout looks like it's coming...a lot of soaking on the bids. So very close to ATH's....