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Open Interest

OPEN INTEREST DIVERGENCE cryptocurrency The indicator of open interest is a little used indicator in the market of crypto currency. However, this is a mistake. After all, in fact, no indicator will provide a clearer signal of confirmation of the strength of the trend or its reversal. Open interest is one of the first indicators used to conduct technical analysis. It is not based on any formulas. It only displays the number of open positions for a given underlying asset. An even stronger signal is the divergence of open interest and a price chart. Divergences for a short position look at the maximum peaks of prices and open interest. Divergences for a long position look at the lowest values Experienced it is necessary to choose the right period of open interest, for experiment we took one of the Fibonacci numbers The example shows how the indicator last worked For all questions regarding the indicator - write to the e-mail address or to private messages, the indicator is for all popular coins in relation to the dollar and to BTC
BITFINEX:BTCUSDEducation
by fvb
9
Short-term analysis of the movement of BTC.Short-term analysis of the movement of BTC. In the mid-term analysis there is a high probability of price movement to the top, but do not miss the small corrections? We observe the STOCHASTIC divergence with the signal in a short position (K punched D down, a hook is formed from the K line). When forming the hook, there will be no superfluous confirmation of the downward movement. We also observe a divergence of open interest in a small period (2), which in the short term also signals a short position. The nearest support line for POC 1 is at the level of 7000, we expect this line to be touched with correction to the last consolidation. In the future, it is possible to break through this consolidation or move to the next line of support for POC 2 6500
BShort
by fvb