Clear divergence on the 2-day chart. Also evident across other time frames. If we snapped back now, it would be a gentle 3-5% pullback. The market is pretty hot right now, so it's quite probable price action and OBV divergence will continue for a while longer. If you need further evidence, pull up a chart from around Jan 16, 2020 - you'll see an identical...
Breakout from key OBV levels marks the beginning of long bull runs
Last July trading month, EU broke 2019 OBV high then bounced on a pullback last month. Currently in an uptrend. Look for buys!
Bitcoin has held over 5.7 Million for 12 weeks. The last Bitcoin was over this OBV was 2017 during blow-off top and only for 9 weeks then. 21 weeks at this Volume 21 million Bitcoin! There's your sign!
The suppression curve is beautiful while OBV shows accumulation is in play.
On the weekly you can see a massiv bullish divergence on the OBV for Bitcoin building up. This is a regular bulish divergence where the dumps become less and less powerful. I wouldnt base a trade solely on this divergence, but it tells, that a reversal is getting closer. Maybe not the next or the one after. But getting closer.
BTC broke out its long term OBV resistance. If it holds we should see interesting movements within coming months. Cheers DYOR MM67Trader
This is bearish in the mid term, stay tuned. Price going up, but obv not making new highs...= BEARISH.
Good lesson from OBV. Although the 1D/1W MACD/RSI was bullish a few days ago, one of my favorite indicators: the 4H OBV had a pretty obvious bearish divergence.
I expect the OBV to hit 0.5 fib at least over the next 2 years
1. Reciprocal 0.707/1. 41 AB=CD 2. Targeting below @ 0.886 fib level and BFRN 0.000025 3. Major divergence on OBV 4. MACD double divergence Target @ 50% of previous move. Entry on completion of AB=CD
Had a larger up day today resulting in the OBV breaking its resistance line, which may mean that it will break the recent downward resistance line on the daily chart. It is currently 45% from the high in August, and may continue to move higher, given market sentiment after the jobs report comes out tomorrow morning. CMF and CCI are becoming positive. After hours...
Nice double top breakout with SR level tested always. Double top height of ~700 pips with TP reached. Using OBV divergence, we may want to retest the SR level. Entry: With good price action, TP 1.5384, SL 1.4964 (July 2012 low)
OBV in general is still bearish and no bottom made yet
OBV Trendline from our $300 top 2 months ago broke. Could start another bull push this May.