The buying pressure was broadcast well in advance as noted above with the buy pressure crossing over the sell pressure. For additional confirmation the DI crossed above a trend line of resistance well prior to this volatile move upwards. At the current level we are level with the linear regression trend line and could see some consolidation.
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The Buy and Sell Pressure indicator is a private invite-only script available for purchase or monthly subscription from:
- cryptoalphaindicators.com/buy-and-sell-pressure/
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.