I have not spent much time with the OBV indicator, but my basic understanding is it essentially indicates the amount of volume driving the price performance.
I also understand that volume proceeds price
This is a 1 day chart on XRP
I also took a look at both ETH and BTC and did not see what I am seeing here
3 main observations at this point:
#1: The 1st blue vertical line from Sep-18 depicts a massive surge in XRP price, moving the OBV above $17B. We have never since gone below $17B
#2: The 2nd blue vertical line shows the beginning of a clear uptrend in OBV while price at the same time has overall been down
#3: Beginning Sep-18, the OBV shows clear volume accumulation, even as the price has been stagnant/decreased in value
This may be one additional leading indicator suggesting a massive price surge is in-store.
I believe this indicator has also been used to signal when institutional investors are "in", and then subsequently when they exit and retail gets in
It appears we have been in a massive accumulation for some time
I also understand that volume proceeds price
This is a 1 day chart on XRP
I also took a look at both ETH and BTC and did not see what I am seeing here
3 main observations at this point:
#1: The 1st blue vertical line from Sep-18 depicts a massive surge in XRP price, moving the OBV above $17B. We have never since gone below $17B
#2: The 2nd blue vertical line shows the beginning of a clear uptrend in OBV while price at the same time has overall been down
#3: Beginning Sep-18, the OBV shows clear volume accumulation, even as the price has been stagnant/decreased in value
This may be one additional leading indicator suggesting a massive price surge is in-store.
I believe this indicator has also been used to signal when institutional investors are "in", and then subsequently when they exit and retail gets in
It appears we have been in a massive accumulation for some time
Twitter: @CryptoBullGod
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
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.
Twitter: @CryptoBullGod
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
Unique Value I add to this space:
youtu.be/YOa3NPEZuC0
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.