I was discussing with other traders in the Gold Discussion ChatRoom about the high volatility of Gold futures these days. My opinion, as stated in the linked idea, is still bullish. When trading commodities and stocks in consolidation phase or with high volatility, I usually check the "On Balance Volume" (OBV) Indicator looking for a divergence. This indicator...
The big picture on bitcoin continues to look bearish as the two week crypto ichi cloud is about to have a bearish T-K Cross under the cloud. The first two gold circles show a long term change in trend at T-K crosses. The first indicated that the bull market was beginning at about $370. The second firmly established the bear market and price action went form $8k...
WEEKLY - hidden BULLISH DIVERGENCE with the OBV DAILY - hidden BULLISH DIVERGENCE with the OBV 4h - Regular BULLISH DIVERGENCE with the OBV 3 confirmations & expect a climb from gold up, up & away
Hello ! As mentionned in the tittle, Imo we are at the most critical point of this 2019 year. Let me introduce that by some graphics. Well first of all : Here, we can see 4 important things in logarithmic weekly chart : First, since 17 of August 2015, The OBV hasn't stopped growing. This show that, we can assume that we have never been truely in a long...
Watching price fall just after some OBV divergence, there has so far been clear price rejections on the current pullbacks with the OBV staying bearing, I would anticipate a continuation to around 177 ish where we have seen some stronger buying pressure, I will be waiting for a candle shoring some form of rejection around that price area and for at least he OBV to...
Real quick posts for y'all. We have hidden bearish divergence on the OBV EMAs that has built up for months. When we look at the last mega-spill we had we also see that hidden bearish divergence built up for months and then we proceeded our way downward. The volume situation just does not justify a move to the upside. And secondly, the triangle we are...
Despite the long, drawn out bleed of many altcoins on Binance - Quantstamp has continued to attract accumulators. This seems counter-intuitive given the declining price, however the OBV tells a different story. Ever since the week starting 26th March 2018, there have been buyers stepping in to (happily?) take ownership of the bags of disgruntled sellers. We can...
Hi Guys Below my analysis: Monthly: Price at support levels. OBV bullish divergence Weekly: False breakdown with bullish MACD divergence (both histogram and lines). Nice OBV bullish divergence. RSI just crossed the 30 level Daily: Fresh MACD lines bullish crossover. RSI above 50. On the negatives: strong resistance just above current levels (13 EMA on the...
Monthly closed at-last, and to me it looks bearish.. but I already showed why on monthly I see same bearish (Correction) patterns like from previous parabolic run: Today I wanted to zoom in to weekly and show you why I see same bearish (Correction) patterns: 1. Just like in any market, when fear holding their assets they are panicking, and this is why usually...
TLDR: ETHUSD Bearish on all levels. Simple support and resistance and SMAs on the main chart, Ichimoku, OBV EMAs and MFI on our second chart deeper in for those interested. If you want more doom and gloom see the linked BTCUSD chart. IF you want something bullish see my linked silver and gold posts. Two moving averages of interest are shown using the...
Range and volume indicators are becoming one of my favorite sets of indicators to pair together. This chart can look like a lot but I hope to break it down First off I have the double-ichi cloud with both normal equities settings in the traditional red and green colors and the crypto settings in yellow and orange. In our current uptrend the equity cloud has...
The past week has seen a steady increase in BTC price. While some are predicting an upcoming reversal, there is decent evidence of a continuation. Looking at the chart, we can observe an ascending triangle pattern forming(represented by the dotted pink line). This pattern formation in the midst of a positive price trend can typically be viewed as an indication...
I'm sitting flat for the most part as we're seeing a change in direction on most alts on the lower time frame (3Hour) Currently looking for long entries. **ADA** - Has a bull div that's starting to play out **BCH** - Sell off volume is decreasing as it looks like it may have found a bottom **EOS** - Has a Bull-Div that has formed, although still being held down...
Key levels Short term Supports—> S1: 230 & S2: 215 Resistances—> R1: 280 & R2: 290 Medium/Long term Supports—> S3: 200 & S4: 180 Resistances—> R3: 300 & R4: 320 Potential scenario Ethereum has been ranging for the last 30 days. It has been moving between R1, $280, and S1, $230, showing volume spikes every time that the price tested these two...
Key levels Short term Supports—> S1: 230 & S2: 215 Resistances—> R1: 280 & R2: 290 Medium/Long term Supports—> S3: 200 & S4: 180 Resistances—> R3: 300 & R4: 320 Potential scenario Ethereum has been ranging for the last 30 days. It has been moving between R1, $280, and S1, $230, showing volume spikes every time that the price tested these two...
This one here is for my future reference. I'm looking at the pivot points in the OBV (i know, who does TA on indicators? Who cares...) and the goal is to match the pivots on OBV and their correlation with the price level on the price. Perhaps something that happened in the past bubble can explain the current behaviour. Neutral position sucks... But just by...
Ethereum has been performing increases as the capitalisation of the crypto market was rising. It has been one of cryptocurrencies with the largest rise of the whole market. ETH/USDT has risen more than 75% in the las 15 days. It went from $150 to $280 in this period of time. ETH is currently hovering around the resistance R1 at 265. If the positive momentum...
Update from my () about ETH/USD play out the descending triangle pattern so well. After broke 200 usd (200EMA) price resistance it's now hovering around 230 usd near a potential #1 resistance. Support #1 (200 EMA, 50 EMA, 20 EMA) = +-$200 , if it broke down this support would be very bearish for ETH Resistance #1 : +- $240 based on fibonnaci retracement and...