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Obvoscillator

BTC/USD : Key levels that changes BTC's direction BITSTAMP:BTCUSD Hello everyone 😃 BTC had a pivot on early 15th April which I was predicted with Pi cycle ( Many people said it's not valid ).. How ever recently I changed my mind into a bullish phase and it's failed badly ! Now; BTC is moving into a pennant , Which is start to forming at 13th March. How ever it's been broken one time, But it's ok to use trendlines.. There are two major scenarios : 1️⃣ Break through mentioned green box on chart 2️⃣ Being rejected from Pennant and support level to 50K & 40K 1️⃣ Break through mentioned green box on chart Easiest way for BTC to break These bearish trendlines is to break through trendlines cross ( Pink and Green ). By the way there is another bearish trendline ( purple ) which formed cause of recent rejection at resistance line... So for better impact it's good for BTC to retest pennants lower line one more time ! However MACD is trying to have a bullish crossover. If BTC try to break through mentioned point, then it will pass 3 resistances at once; 2 bearish trendlines and a resistance zone.... 2️⃣ Being rejected from Pennant and support level to 50K & 40K As you can see, There are many resistances formed at current level above movement. Also it's harder for BTC to break them in split points with current volume ! So now let's talk about factors that can make BTC's bearish phase possible; TSI is trying to make bullish crossover, But if BTC rejects current level, Then TSI will have one more dive before minor recovery.. Cause last high TSI was recorded around +44 and now TSI is -26, So there will be enough space for another rejection ! On BTC's Dominance overview : If current level ( 52% ) rejects to hold the dominance, Then it will fall immediately to lower support zones ( 50% & 45% ). 📚 If dominance fails to recover one more time, Then it might cause a crash on market with another minor dip ! We talked about possible directions, Now let's talk about the possible high and possible low for next days : There are two located GAP for on CME chart. - If BTC breaks located resistances; Then 62K retest level will be confirmed.. - If BTC Rejects pennant and support zone; Then 54K retest is confirmed.. 📌 These Prices are for CME chart; We would see different result in Exchanges 🔴 If BTC breaks above $56,500, the pair could rally to the 20-EMA, which is again likely to act as a resistance. If the price turns down from that level, the pair could retest $53,000 and then $50,460. The down sloping MAs and the RSI near the overbought territory show the bears have the upper hand. 📍 There is one more barrier for Bulls, There is a order block before BTC's wick candle; That zone can be another reversal point for BTC's progress to fill the GAP !! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
BITSTAMP:BTCUSD
by Helical_Trades
43
BTCUSDT 4H | Bitcoin market overview: Bullish OBVHello, dear subscribers! In the previous review, we looked at short or flat as likely patterns of bitcoin price movements in the coming days. Today the price of bitcoin is $10,390. On the 4-hour chart we see a flat in the range of - $10,200 - $10,550. MACD and RSI indicators show uncertainty of buyers and sellers. The OBV indicator shows an increase in buying volumes relative to the previous price peak, which can be regarded as a bullish signal, as it indicates that buyers are beginning to dominate the bitcoin market. Overcoming the previous high of $10,600 will be a solid signal to buy. Subscribe to the channel and stay with us!
Long
by CatalystsFinance
2
On Balance Volume Test #2 - TeslaI have been back testing the On Balance Volume indicator (OBV). So far, so good. I did not publish my first test (Facebook), but will publish from here on. OBV is basically an accumulation/distribution indicator. When there is divergence, it shows weakening/strengthening markets. If you are unfamiliar with OBV, look it up. Here is what I found with Tesla: OBV test 2: TSLA Tesla started becoming volatile in 2014. Tesla set a new all-time at #1. Leading up to the 2nd all-time high (#2), notice the OBV flattened out. It was weak on the move up. They soon corrected. On the 3rd attempt (#3) to reach their all time high (#2), the OBV was trending down. On the 4th try, the share price could not reach their all time high, but the OBV was showing signs of strengthening. It soon corrected again. But, on the 5th try to set a new high, the OBV had rebounded quite well from its low and was trending up nicely. The OBV also climbed higher than the OBV from #4 high. Tesla soon broke out of their long channel and went up substantially from there. It is my opinion that OBV gave warning signs that Tesla was not ready to break out. The conviction was not there until after the #4 high. Also, notice the OBV up moves were stronger than the OBV down moves... with the exception of the OBV from #1 to #2. But, the move from #1 to #2 was telling you the opposite - it was telling you the down moves were stronger than the up moves, therefore the sustainability of the new all-time high (#2) was not that great. Lol, I hope you can understand my cluster of lines and numbers on my chart As I always say... this should NOT be taken as advice. Always do your own research before making any investment decision.
NASDAQ:TSLAEducation
by Bankuur
2
BTC Running With The Bulls?The past week has seen a steady increase in BTC price. While some are predicting an upcoming reversal, there is decent evidence of a continuation. Looking at the chart, we can observe an ascending triangle pattern forming(represented by the dotted pink line). This pattern formation in the midst of a positive price trend can typically be viewed as an indication of trend continuation. Further in-depth technical analysis results in a similar conclusion. The bottom chart (The Trend Sniper) shows an adjusted DMI, with DI + shown in green and DI- shown in red. At 2:00 on June 19th, we see a cross-over occur, with the DI+ rising above the DI-. This ended the brief ranging period highlighted in the light grey box and signaled the start of a positive price movement. Since this crossover, positive directional movement has steadily increased, while negative directional movement has steadily decreased. It is safe to say there will be continued positive momentum until we begin to see the DI- values beginning to climb and head towards another crossover with DI+. To assess the volume patterns and possible divergences, we analyzed the OBV-based Divergence Detector indicator. The chart echoed the signals generated by the Trend Sniper. For the most part, the OBV's movement has matched the BTC price action. Although the past 24 hours has seen a few bearish divergence signals (highlighted by the pink circles), the OBV value has remained above zero and confirms the recent positive price movement. The third chart from the bottom shows a Triple Exponential Moving Average accompanied by a Volume-Weighted Moving Average. The VWMA is shown as the darkest red/green line. When the VWMA value is greater than the three EMA's, the area between the VWMA and EMAs has green fill. When VWMA falls below the TEMA, the area representing the difference between the values has red fill. We have seen the VWMA line crossover the TEMA (circled in green) within the past 4 hours, indicating the beginning of another uptrend confirmed by concurrent increases in volume. The PowerTrader indicator shows a steady climb in Balance of Power (BoP) values from June 18th onward. This gives us yet another hint that this bullish trend hasn't quite run out of gas just yet.
COINBASE:BTCUSD
by ProfitProgrammers
BTCUSD 1h - Heikin Ashi, Bollinger Bands, custom OBVOSC & MACDThis is a 1HR BTCUSD chart (BitFinex) using Heikin Ashi candlesticks, Bollinger Bands, EMA (9, 15, 21, 55), a custom OBVOSC indicator and a standard MACD - 5 days of price action review. Heikin Ashi is another Japanese candlestick pattern and HA actually means ‘average’ in Japanese. It does just that, averaging out price movements using a weighted calculation I won’t cover here (refer to Investopedia - www.investopedia.com ). Essentially, what you need to understand is that it smoothes out price action by reducing noise and making key trends easier to identify. This is great for trend traders, not so great for day traders that rely on volatility and short term price action. Over the five days, from the 2nd of January until the 7th of January, we saw prices continue to oscillate in a tight range from 3800- 4100 with little price action. The tightening and sideways action is typical of a market in indecision. Finally on the 6th of January Bitcoin broke out rising $300 within 5-15 minutes, apparently due to a massive whale buy order via BitStamp in Europe. Typically long upper shadows were achieved for only a few hours, with a price retracement showing weak support. Bollinger Bands , the three blue bands that ‘wrap’ around the BTC price, were developed by a guy called Bollinger. The top and bottom blue lines are simple 2 SMA away from the current price, while the line in the centre is the average of the two. The great things about this indicator is that we know, 90% of the price action will occur within these bands. And generally, if the price is at the top/bottom 20% of a band we are likely to see some price action towards the middle of that band in the near future. This is based on the simple concept that price’s oscillate around an equilibrium. Since the bullish price action on the 28th, the BB have remained fairly tight ranging from 100 - 300 USD. The upper line of the BB has been pierced on only 11 times until the breakthrough on the 6th, with 4 large consecutive bullish candle bodies outside the BB. The BB have blown out to 3800 to 4300 now but are quickly contracting as price action consolidates at the next level of S&R at 4100. One long lower shadow nearly pierced the lower BB already, as the level of S&R is likely to broken, expect future price action to touch on lower BB soon. Volume is one of the most reliable indicators but it is important that you understand how much wash trading is happening on most exchanges and choose to trade only on reliable exchanges (read this for more information). We saw a bearish volume from the 3rd to the 6th of January remain low and flat. On the 6th, a relatively small whale purchase resulted in a pump in the BTC price, which demonstrates the lack of liquidity in the market. Can think it kind of odd that a whale purchase 10 million in BTC in 5-10 minutes, why not layer those purchases in and get them at a lower price?? Remember that weak volume goes hand in hand with weak trending (price consolidation and sideways action). The volume quickly dropped after the 1 hour pump, with a large red candle on the 12th hour. IMHO Volume this low tends to indicate that it can’t be long and it the breakout could be bearish. The OBVOSC is a custom indicator by Lazy Bear (you can get it here for tradingview - ). It is an OBV ( On Balance Volume ) with an oscillator built into it. OBV is a momentum indicator that is running total of volume (both sell and buy volume). The assumption is that significant volume flow will often foreshadow a price change, which presents a trading opportunity. The OBVOSC on the 1HR is set on 9 hr so the indicator is quite sensitive and there is little lag between price action seen via candlesticks and the indicator. Therefore this indicator is good for identifying entry and exit areas that I can use for longer term trend trading. The market is primarily sideways with little volume volatility so it is not providing an clear entry/exit signals until the short bump in volume on the 6th. It clearly show the drop in volume after the bump, indicatingt to me a lack of follow through and volume support. As you can note, there are several false signals given out on a shorter time frame then the daily, therefore this indicator should be looked on the daily and then the hourly for a better perspective. The MACD (Moving Averages Convergence Divergence) indicator is a popular trend momentum indicator that can show us a security's overall trend. The core assumption of this indicator is that a security’s price oscillates around an equilibrium. Therefore by looking at the relationship between different MA calculations, we can identify what specific stage a security maybe of it oscillation cycle. This is why we have two lines, the first is called the MACD (26 - 12 hour MA) and the second is called a Signal line (9 hour MA). We also have a Histogram (MACD-Signal Line), which is the 1st thing I look at. Finally there is the Zero line, which is basically when the 26 and the 12 hour are equal. The MACD , that combines several indicators, is worth watching when one or more of the following happens: crossovers (MACD/Signal/Histogram and Zero line), convergences/divergences between price and rapid changes. Learn more about this at Investopedia. The first thing I look at is the Histogram as it is visually clear and it most often precedes MACD/Signal crossovers. The histogram oscillated around the zero line throughout the week until the 6th with 15 to -15. Again, on the 6th it bump to 30 (which is still not very significant) and an immediate decline in volume. The MACD crossed the Signal line several times without significant strength which tells me to avoid even short term trading on most of the oscillations except for the 3rd and the 6th. I think it is probably safer to wait for a pump, like on the 6th, and the short the security after a few hours of confluence. Overall the tight time range continued over the period until a final breakout on the upside, which was a surprise personally. Follow through support looks weak, so I expect that if this price will not hold for long and could lead to a capitulation to the mid 3000s in the next week.
BITFINEX:BTCUSDShort
by CarbiArbittrage
Oscillator Divergences Indicator UpdateSome new setting on the Oscillator Divergences Indicator. Fixed the label position when plotting on the price chart. Added option for EWS to only plot the currently developing divergence (if any). Added a bunch of presets. These can be when plotting on the price chart and all have the standard defaults. Presets RSI: Relative Strength Index MACD: Moving Average Convergence Divergence FI: Force Index AO: Awesome Oscillator CCI: Commodity Channel Index STOCH: Stochastic OBV: On Balance Volume SVAPO: Short-term Volume And Price Oscillator WillR: Williams %R WillR smoothed: A modified version Williams %R Link To Oscillator Divergences Indicator Link to full video setup (a few videos listed in the description)
BITFINEX:ETHUSD
by SemiQuant
26