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Breadth Indicators

SPY Market Bottom? BUYING OPPORTUNITY!Hey there, please support this idea with your likes and follow me here on TV! Just as a quick update on Stocks. We are shortterm quite oversold on many indicators with longer term still more potential for further downside. SPY and many other stocks like TSLA are today on 9 BUY of the TI Indicator sequential! This is double 9 which means we already had a 9 and are now on a second. Strong buy signal for short to intermediate term trades. Cheers, Konrad
AMEX:SPYLong
by EnlightenedTrading
7
Using OBV Divergence To Detect Barts And Wyckoff DistributionBarts (AKA bull or bear traps) are a common pattern in cryptos. The OBV indicator can be useful for detecting Wyckoff style accumulation or distribution. It's especially useful for Barts which have a very flat section of price action which makes the OBV divergence very apparent in some cases. If you see a flat zone that looks like a potential bart, track it on a couple different time frames and see if a divergence pops out, it might show which wyckoff mode it's in.
BITSTAMP:BTCUSDEducation
by mljones
3
Signs for bulls? what about the confirmations then?Small TF small update: *Do notice OBV very bad movement atm... Weekly OBV also extreemly bad (As I showed on previous updates, it didn't change). * Also we were rejected by the 200e on daily. passing above it will shoot it up... * We are testing the hourly cloud too many times, it is also usually bad for the short term. * And to add to it we have hidden bearish divergence: I personally suspect sideways for a while to test boundaries before final decision to where we go.... good for scalps for next few days ;) range: 7870-8170 or smaller better range: 8022-8170 *** There are many big signs as well for bullish market, but until we won't see confirmations that we actually started it up, we should still focus on shorting on the bigger picture.
BITMEX:BTCUSD.PShort
by Hedgehog_king
4
Bitcion 2 Week Chart Double Ichi Cloud and VolumeThe big picture on bitcoin continues to look bearish as the two week crypto ichi cloud is about to have a bearish T-K Cross under the cloud. The first two gold circles show a long term change in trend at T-K crosses. The first indicated that the bull market was beginning at about $370. The second firmly established the bear market and price action went form $8k to around $3.2k The purple ovals on the OBV EMAS show we are dangerously close to a bearish cross on the 10 and 20 EMAS and the damage that can do to price action. The blue obviously shows how bullish these corsses can be. What is different about this pending cross is the OBV and 10 EMA are going to be below the 100 in very short order (relative to the chart time frame, of course) and I expect the 10 EMA to act as resistance, continually driving the OBV down lower and lower. There is always the case of a fake out but given the totality of the chart I don't think that will happen. The Money Flow Index 15-50 have crossed. Those settings are what I tinkered with and if you have the time I encourage you to tinker with the settings. I believe that this cross will lead to the 15 period MFI approaching 20 again. The candles show we just spent the last 2 weeks establishing the 50w SMA as resistance after it was tested as support the candle prior. Eventually I am calling for the wedge support to fail and for the price action to fail. I expect this failure to be so impulsive that we test the 200w almost immediately, as in within two candles. I then expect the previous wedge support to act as resistance and drive the price action lower around the end of March 2020. If we just look at the tend lines we can see that the rising trendline beginning in late 2015 is still valid. It is possible that we start to go up a bit more on this trendline and out of the wedge a bit on lower time frames but ultimately we will spill down. Eventually our ability to wick up to the 50w is going to be reduced and when people realize that the selling will begin in earnest.
KRAKEN:BTCUSDShort
by This_Guhy
3