Quick post looking for supporting trends on other indexes. TOTAL marker cap OBV divergence on the 4H is ridiculously bullish. This is supported, (but less extreme) in the higher time frames (D, W) which are more reliable. but suggests lots of money recently entering the market and staying in. Hopefully this cup and handle formation holds above resistance the money stays in and we see confirmation of the push up and the next leg of the bull run many are hoping for
(the only problem with recent money is that it can exit just as quickly, but this is promising)
(the only problem with recent money is that it can exit just as quickly, but this is promising)
Note
TOTAL2 (excluding BTC) shows that this is clearly money flowing on Balance into BTC, but TOTAL2 will likely follow if BTC new price discovery is confirmed
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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.