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OBVOBV, daily, 4 parallel channels. Those who fail to go down must go up. I saw most people saying SHORT on Tradingview today. And most of the time I see the opposite of the common opinion of those here. Reason?
This is the nature of this business.
You cannot make money in the way everyone goes.
OBV - BReakout of ABCDE triangleOBV in Consolidating ABCDE Triangle since JULY 2020
-Breakout of OBV --> confirm Bullish breakout of BTC since 10700 (ABCDE triangle)
-Failure to breakout from OBV triangle would suggest false breakout for BTC and retrace to demand in 9000s
OBV BULLISH DIVERGENCE ON AXIS BANK CHARTOBV or on balance volume indicator is used for technical analysis to measure buying and selling pressure.
- Bullish OBV Divergence occurs when price declines but OBV advances. ..
Usage of OBV, RSI and Volume1. Combination of PVA is very interesting and powerful tool that we can used to predict the price trajectory.
2. In the example above (LAYHONG, a poultry stocks in Malaysian Stocks Market).
3. This is my analysis on the stocks:
a) Price making lower low and retesting a major trendline.
b) Low volume while retesting the trendline
c) A bullish divergence is shown in RSI indicator
d) A bullish divergence is shown in OBV
e) Clearly this is an opportunity to go long as bullish divergence plus testing support zone with low volume.
OBV Volume Daily ChartOBV Volume had a nice divergence before the fall. From OBV we have reset from the start of the bull run.
OBV DivergenceOBV has made a lower low but price couldn't make, so we have a bullish hidden divergence and price will probably go up!
OBV upgraded, i think it's one of the most powerful toolsOBV with L1K style calculation for trading, better signals than any other indicator
OBV & Volume Declining after 5 times we touching 9200 areaOBV & Volume Declining after 5 times we touching 9200 area
OBV divergence on $VET/$BTCOBV on weekly suggesting that we may be looking at long term upside soon.
OBV divergence and double bottomOBV hit horizontal support. Price volume divergence at an important level. Cadchf and cadjpy (my previous post about cadjpy was just about pullback!!!) follow crude oil.
Crude oil formed a weekly bullish pinbar (hammer, last week) at yearly pivot at 54.76 (news called this level a brickwall, for informed its yearly pivot, major reversal level) and is gonna shoot higher. So also cadchf and cadjpy - most closely correlated currencies with crude are gonna shoot more, just as eurchf (also correlated, previous post). Crude moves all the forex as all correlate with it to a bigger or lesser degree...
OBV IS predicting a HUGE MOVEMENT UP FOR RIPPLESOBV IS predicting a HUGE MOVEMENT UP FOR RIPPLES
THANK YOU
Simone
OBV on BTC looks bullishOBV suggest more people want to buy the price up than sell the price down...
OBV Crossroads with Bullish RSIOBV is at a major intersection here. RSI is bullish. We could also go down and touch the rsi support again. But I doubt it only because we only just touched it on the 10th. If we have a failed rally here, I fully expect a dump down to $590 or so. It might be a slow one so that RSI doesn't fall too far too fast. I really don't know why we haven't fallen after crossing the longterm support trendline, but maybe we're just waiting for a respectable high before we drop down. After a bull run, I expect our first stop to be about $650 only because that has been the top for a while now.
I'm already long @ $620 but I'm fully prepared to change it to a short if we move past $615.
BTW: BTC-China just had a big buy of about 400btc. Not real important but could be an indicator for a whale that doesn't want to alert the rest of the market because he wants to buy more.
OBV and RSI is still pushing the price upOBV and RSI is still pushing the price up....confirmed by breaking the short period down trendline....
