jamoooo

jamoooo Updated 

Update to last idea: If we see a rejection here of the OBV trend, my plan will be to watch the bottom (red) trend line for support, hoping to see consolidation within that point prior to a move up (or further sideways consolidation). Alternatively, we may trade in a descending channel revisiting lower prices, as in chart Confirmation through other indicators...

jamoooo Updated 

All going according to plan so far, a healthy pull back was needed with the volume stuck in a rising wedge during that attempted breakout. Volume now finding support on the top side of distribution channel trend, price finding support within triangle. MACD looking like we could break trend too, following the volume divergence and with the fast EMA about to cross...

jamoooo Updated 

Another personal trade I am looking at: ALGO like many of the alts is looking like it will breakout soon if bitcoin remains green, it was an over-performer with the early Sept' breakout and has been pulling back since. Positive volume pressure has been building despite the persistent pull back. On the 4hr it is facing the resistance of an immediate local trend...

jamoooo Updated 

Quick update on BTC, keep an eye on the pullback and retest in the 4hr chart. Indicators showing this is a more convincing breakout attempt. OBV positive divergence, testing key OBV resistance located at Weekly open price (and 0.38 fib retrace). MACD breaking trend on lower time frames, RSI breaking trend on lower time frames. Positive signs but look for further...

jamoooo Updated 

Once again revisiting the daily bitcoin OBV analysis. The momentum his dropping, the volume trend is negative, key dynamic trends have been broken but importantly we have yet to begin trading below the key horizontal channel marked on the chart. So we can still move sideways, we can still recover Also, you will see that the RSI trend which started Jan 8 2021...

jamoooo

I have been following the volume trends on BTC , volume trend lines have held well giving me confidence in the recent rebound. OBV is showing a bullish divergence , signalling strong accumulation, while breaking out of the distribution channel formed with the drop Sept 7. As you can see from the 4hr chart we have broken out of the top trend of the distribution...

jamoooo

Just taking a macro look at Daily OBV trends, hoping for a sign of strength today with a close above 42810. But asking myself on the daily if we are currently failing the retest of this macro breakout?? The 4hr chart I've been following is trying to hold (or reclaim) this trend, a daily close below 42810 will be a further red flag and possible sign of more daily...

jamoooo Updated 

BTC making a slow push out of distribution channel. Related idea linked below Possible shift from distribution to accumulation underway and reversal of trend see in my previous post how last time this OBV distribution trend broke, we gained 25% in a week and 50% in the month (This current trend began on September 6, peak prior to price plunge) Don't expect the...

jamoooo Updated 

My personal reflections and trading diary: The OBV indicator I find quite reliable with BTC in gauging breakouts and maintaining confidence lines to support price movements, up and down Recently, BTC 4hr OBV on Binance has maintained the triangle it established with the may/june drop, despite the recent FUD created through peoples bank of China reporting. The...