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On Balance Volume (OBV)

BNB Bias for the dayHow i started this market (Overall Trend is on a Rising Wedge D TF) Checked my 4H tf and its on my Support TL and on top my 20EMA (Symmentrical Triangle) On my 1tf it formed a H&S. but due to volume i am not confident on the pump but if it goes my entry is set on a retest to the neckline All Ema above the Candle if it Breaks down i will wait for a retest on my Support trend line for a ride to hell INDICATORS Hull Suite : 1H hull ind. breakout to the Green Fair Value Gap: Two FVG to cover up liquidity On Balance Volume: OBv on a side ways movement(No volume)
by lorenzoruiz1
$DNA Possible Accumulation. Fib levels very reactive.A pretty compelling argument for a classic Wyckoff Accumulation pattern. We know some people like Woods are investing heavily into this market, so it's not a long shot to assume there are others. Whether we see a spring or LPS our way up to SOS is TBD, we could shoot in either direction as it stands. PTs are at $7-$15 according to analysts. This seems to line up with extensions. OBV shows each consecutive low on the PA is higher on the OBV. This is a great indication of an increase of strong hands ownership. Overall, I think I am mostly bullish at the current level. Should we happen to dip lower for a spring, I will significantly add to my position.
NYSE:DNALong
by Tripcrypto1
1
Hunting Breakouts with Bollinger Bands and OBVThanks to zAngus for the idea, here is a simple trading strategy that uses two tools: Bollinger Bands and OBV to find moments when an asset's prices can increase or decrease. First and foremost, please note that this explanation is simplified and only covers the basics. Each individual can develop their own settings and adjustments according to their own preferences. Imagine that you are looking at a price chart of an asset. This chart shows how prices have changed over time. Sometimes prices go up and sometimes they go down. The trading strategy we are going to show you can help you find moments when prices are about to change direction. - Bollinger Bands are lines that show a zone where prices of an asset are likely to stay. These lines have two parts: a middle line that shows an average of prices and two other lines that show the zone where prices should be. The lines widen and narrow based on the volatility of prices. - OBV (On-Balance Volume) is another tool that measures whether more people are buying or selling an asset. If more people are buying an asset, OBV increases, and if more people are selling an asset, OBV decreases. Now, here is how we use these two tools to find moments when an asset's prices can increase or decrease: 1. First, we wait for prices to stabilize for a certain amount of time. This means that prices don't go up or down much during a given period. 2. Next, we look at the Bollinger Bands to see if prices have reached the upper or lower limit. If prices exceed the upper limit, it may mean that prices will increase. If prices fall below the lower limit, it may mean that prices will decrease. 3. To confirm what we have seen in the Bollinger Bands, we look at the OBV. If OBV increases or decreases at the same time as prices exceed the upper or lower limit of the Bollinger Bands, it means that more people are buying or selling the asset, and this reinforces our idea that prices will increase or decrease. 4. We enter the market by buying or selling the asset based on whether we think prices will increase or decrease. 5. We exit the market when prices reach the opposite upper or lower limit of the Bollinger Bands or an important resistance zone. This is a simple strategy, but it can help find moments when an asset's prices can increase or decrease. Remember that you must always use good risk management to avoid losing too much money if the market doesn't follow your forecast. Please note that this Bollinger Bands and OBV breakout trading strategy involves risk and is intended for educational purposes only. Any investments made using this strategy are done at your own risk, and you should always do your own research and seek professional advice before making any investment decisions.
Education
by Julien_Eche
⚠️ SPY with OBV in bearish divergence📈 The chart continues with higher funds, but the volume does not follow this movement as demonstrated by the OBV. Which signals a bearish divergence. 🐻‍❄️👎 🤔 I believe there could be a spike just to liquidate the positions, leading to a big trap: 🛑 Furthermore, the OBV has just broken the white dotted line, entering the red zone, overcoming the fall of the Corona Crash for the worse: 🤥 That is, the price is higher than Corana Crash, but the volume is lower... ☁️The market can be manipulated by the big players with their Machiavellian plans and government artifacts, but volume doesn't lie!
AMEX:SPYShort
by andre_007
Is software ever coming back? $DV is leading the recoveryDoubleverify Hldgs Inc help brands improve the effectiveness of their online advertising. I bought half a position and so far the price hasn't under cut its support at $25, just were my stop is. For me this is a really good sign, considering what the SP:SPX is doing. The bad thing is that the OBV and ROC is signaling a bearish divergence. If I had full position I'd have cut it in half. So, as long as it doesn't break from the $25 support I'll hold my position. If price goes above $29.50 I'll add more.
NYSE:DV
by dpuleo19
Bitcoin's weekly OBV, NVT and Hash Ribbon Bear Market ChecklistTL:DR: The Bear market inflection is NEAR, it has not occurred. More time to accumulate (or get wrecked using margin). QRD: Bottoming structure not yet clear, OBV 10 has not bullishly crossed the 20 below 100 yet. Price still below blue resistance line. NVT shows bear market inflection, as does the Hash Ribbon. Inflection score is 2/6. Introduction There are two major concepts this post is broadly dealing with. The first one volume and its interpretation and the second is looking at bitcoin as a payment network with its own native currency. The United States has a payment network and it uses dollars. The European Union has a payment network and it's currency is creatively called the Euro. Similarly, the bitcoin network currency is as creatively named: bitcoin. A trite saying is bull markets end with a roar and bear markets end with a whimper. I am looking for the point where the bear market whimpers its last and we are getting pretty close on a robust set of criteria. With a sorter list of criteria, I think one could already call it based on the Hash Ribbon firing its buy signal while the NVT is green and the OBV 10 and 20 SMA were both under the 100 SMA but I personally can't do that without a bottoming structure and while price is still below the blue trend line. Volume analysis There are several proper ways of looking at volume. There is the standard volume by timeframe that many people use, with red or green bars stacked across the bottom of their chart. The volume profile is also very useful for determining where price action support and resistance is supported by volume. Lots of price action with very little volume behind it suggest that the next move could move through that price action quite quickly. The volume indicator I have spent a couple of years tinkering with is the On Balance Volume with Moving Averages. To keep the charts visually simple I have made the decision to just focus on the moving averages. A common phrase in trading is exhaustion. Bear markets end when sellers are exhausted. There is no real indicator I know off that spits out a buy signal when sellers have been exhausted so I have been working on a system to determine that. Bitcoin and crypto is very volatile and so the weekly time frame, so far, has back tested quite well. Equities and commodities still need some tinkering with for this system to work. The bold green line is the 100 SMA of the On Balance Volume. When the OBV is at the 100 it is a sign of some significant sideways movement or a prolonged period of selling from a previous all time high. When the 10 or 20 OBV SMAs go below the 100 we are deep in a bear market where we can expect to get the best value should price recover. Previous bear Markets The 2015 bear market had a massive W bottom with the second low being lower than the first low. That would have been very painful for anyone setting their stops for a high low W reversal. The OBV SMAs crossed several times down there and very certainly a lof of traders got whipped out of their positions while investors and smart money did what they could to buy the lows. The 2018 and 19 bear market bottom was a beautiful ascending trianle that had massive amounts of over-performance to the upside. I spent most of that uptrend waiting for a pullback that never came and that is why looked at creating this system, so I could predict such impulsive moves before they come. Current Bear Market The On balance Volume 10 and 20 SMAs are deep under the 100 which suggest a great time to accumulate The 10 has not crossed the 20 yet so the bear market inflection, based on volume, has not happened just yet. Bitcoin does not appear to have a long-term reversal structure yet, a W bottom or ascending triangle seem most likely. It does not seem like we are going to have anything resembling saucers and so far a inverted head and shoulders doesn't seem likely. NVT Analysis As stated above, bitcoin is a payment system, called bitcoin, and the currency of the bitcion network. When someone buys bitcoin they are buying currency of that network to use that currency network at a later point in time or to sell to someone else that wants to use that currency network. This marvelous version of the NVT is very useful as it can help us determine when the currency is relatively cheap compared to how much the network is being used. If we want to use the network for payments this is the time to do it. Likewise, if we want to get a good price on the currency to use later, either by sending bitcoin or selling it we would do that now. The system is pretty simple with the NVT. If the NVT is green and is moving sideways, not down) we have reached an inflection point with the NVT. Hash Ribbon The hash ribbon can be pretty noisy with all of the different signals you can have it spit out. For this system there is only one signal we want, the buy signal, and we only want it at one time. when the OBV 10 and 20 are below the 100 while the NVT is deep in the green. Since we have this the Hash Ribbon inflection has occurred. After All Signals Fire Once all signals for a bear market inflection are in we will be in the early stages of the bull market. For me, that will be as the NVT goes into the yellow but before the first flash of red. Around the same time the OBV 10 and 20 SMAs will be crossing above the 100 SMA. This is the area between the black and orange lines on the chart. What I am doing I am looking to shovel quite a bit of money into some of my preferred alts so long as bitcoin is below the black line. And by shovel I mean I am selling leave at work as it comes by, picking up overtime, eating more oatmeal and eggs because they are cheap and filling, reducing my vice purchases (only the most affordable box wines for me now). I do see a stall occurring around 46,000 (the orange Line) but I don't think it will be similar to the C19 dump. But I do intend to take off some profit there for pay myself back for the quality of life I have been deferring. It is still way to early to tell, but I have a suspicion that Optimism might be this upcoming bull markets Solana. I definately have a position on and if it goes above the 2.618 I will be quite happy. If it approaches the 3.618 as Solana did I will be retired by next July.
INDEX:BTCUSDLong
by This_Guhy
3
CAD/JPY - 1H - Rising WedgeCAD/JPY is in a bullish trend, making HHs and HLs and forming a Rising Wedge . The price action is currently making a pullback into the rising support which has a confluence of slow MA dynamic support. The Bullish Bias is based on the following signals: Bullish trend (price making HHs and HLs) GMMA: fast MA above slow MA with separation Slow MA acting as dynamic support RSI above 50 and not too near overbought levels OBV convergence with price (uptrend has conviction) Expecting bulls to be in control above the rising support. Go short if the wedge breaks downside. Like & Follow for more such ideas.
Long
by yo_zubair
Could CPI data help the US30 confirm a continuation? Hi, and welcome to today’s update. In today’s video update, we’re looking at the US30 and wondering if today’s CPI could break the consolidation deadlock we are currently seeing price sitting in. Price continues to be held in an ascending triangle pattern, and in uptrends, these are typically seen as continuation patterns. We can clearly see that price remains in an uptrend, so if we see better than expected CPI data today, could that be a driver that sets off buyers? Better than expected data could tell the market that peak inflation could be here and that rates could move into a holding phase or at least see a smaller increase. But if we see worse than expected data, this could set the pattern up to fail, and we could see a new break lower. For now, we will look for the current trend to remain in play until we see further price action telling us otherwise. US CPI data is due out at 8:30 am EST. Good trading, and enjoy your Wednesday.
EIGHTCAP:US30Long
by Eightcap
$BTC OBV I have NOT changed anything to the chart - OBV holding$BTC OBV I have NOT changed anything to the chart - OBV holding Right now the price is going down very slowly (no panic selling, no mega volume) and the OBV is holding, the RSI is super oversold. This is max pain, it means it is max opportunity. I am not saying to sell your house to buy bitcoin now, I am saying the probability to have good entries for the next few weeks, is high. I think we will play in this area until $20k. Then, run it back turbo. OBV is holding and I am happy.
COINBASE:BTCUSD
by Maddrix_club