OBV is bullish but MFI is in downtrend with short term up
Unlike the previous bullish rally, this one might stay undercover due to the low incline of MFI. Ultimately we're still going down but for the time being, this is as good a place to pick up some BTC as any. OBV is showing a major bullish trend but until we pop up out of the MFI resistance line, I don't think we'll be visiting the moon anytime soon.
Considering the last rally had an increase of $159 from its local low, don't waste any time contemplating this decision.
If we follow the timing of the recent breakout in October, mid-late February might be our best bet of the final low.
Considering the last rally had an increase of $159 from its local low, don't waste any time contemplating this decision.
If we follow the timing of the recent breakout in October, mid-late February might be our best bet of the final low.
Related publications
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.