Short

Potential Bitcoin Bottom

I recently began using OBV more in my trading and I find it very interesting to say the least. To keep it short, the main thing I would like to point out is the correlation between the last two significant drops and what we are currently facing. Using an OBV trendline established during the SR drop and the current wedge forming on OBV I'd place the bottom around 9-10-2014 if we continue on this trajectory. The price will be harder to determine since there is no significant price trend since SR. If we continue down the path of the lower green line on price, we could expect the bottom price to be around $233.

Thanks for reading,

Akeem

Subversive

Disclaimer

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.