1 number obv divergence (negative) worked and we dropped. now 2 number obv divergence (positive) will work . and long coming
Good morning, traders. It is Columbus Day in the U.S. which means professional traders are enjoying a 3-day weekend so volume is lighter across all financial markets. This includes the crypto market. After another lackluster, sideways weekend, Bitcoin finally pushed up and through the resistance of the July triangle this morning. The question is, can price remain...
MTL in an accumulation range with steadily rising OBV and increasing buy volume. Tight BBs show that its very likely to have an explosive movement upwards soon. Analysis can be seen on the chart
Good morning, traders. Bitcoin spent the weekend moving sideways as suggested on Friday and we are nearing a likely large movement one way or the other. The question is, are you ready? Have you prepared for either move? Do you have a plan in place in case price moves against you? And what if it's a shakeout - strong move one way and then the other? These are the...
Overall, on average weekdays have more volume than weekends. However, weekends have a higher OBV value.
Hidden bullish divergence on various oscillators. Stoch RSI still on zero.
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
"Bearish OBV Divergence occurs when price advances but OBV declines."
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?
Check the chart for text! Expecting some quick and heavy pullback
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...
OBV breaking out of ascending triangle and bullish pennant breaking. 9.7 important resistance
Potential Long if 267 area breaks and holds. OnBalanceVolume (OBV) indicator showing a weekly falling wedge pattern. Notes on chart.
Against the concrete ceiling.
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...