NMRUSD a crypto sleeping giant?What is NMR?
First of all, what is Numeraire is an Ethereum token that powers Numerai, a San Francisco-based hedge fund that crowdsources artificial intelligence to make investments in major stock markets around the world. Numeraire (NMR) holders can stake their NMR tokens every week on specific predictions. Essentially a hedge fund run by AI. I work in the machine learning industry and can tell you this is game changing technology when applied to charts. Don't worry, I am a hand trader and NOT a bot. But I digress...
Why go long?
On balance volume increasing despite falling price action.
Signs of price suppression with large downward wicks with no affect on On Balance Volume
Cup and handle formation
Onbalance
Bitcoin - when OBV Oscillator by LazyBear went red ❌Bitcoin
Every time when the On Balance Volume Oscillator by LazyBear went red ❌it was a great time to accumulate BTC
Even at the 2020 Corona crash
Already 20 weeks accumulation phase since we are below $30,000
Follow appreciated 🤗
Any comments dear Crypto Nation?
Bitcoin - OBV touchpoint timing scenario ⭐️Bitcoin
OBV touchpoint timing scenario ⭐️
Counting the days from OBV touchpoint to the OBV bottom...
...we find each 127 bars on the 2-day chart
Transferring the 186 bars from OBV touchpoint to OBV breakout...
...October might get Pumptober
Comment & FOLLOW appreciated
*not financial advice
do your own research before investing
Bitcoin mid-term bullish OBV scenarioBitcoin mid-term bullish OBV scenario
BTC On Balance Volume testing green support channel from beginning 2021.
Maybe we see a breakout of the current bull flag - even if it does not feel likely IMO.
But chart TA has nothing to do with feelings - only facts dear Crypto Nation.
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Another Explosive Move Is Possible TomorrowThis is a tight inside value day on the Informant Pivots, just 19.98 in difference from the high/low-value pivots. The last explosive move came form a 36.85 point difference and that was yesterday (9/28) for a 86 point move. I expect a large move leaning to the upside tomorrow. I believe yesterday (9//28) was indicative of bullish reversal based on volume and the simple fact that price closed above what I coined the bearish/bullish Mason-Dixon line. We are in an HnS Pattern on the daily and on the intraday right shoulder (there is a HnS pattern) so I truly believe this is a bear trap. CRP for floor pivots (central pivot range) is extremely tight as well but, it has a slightly lower value bias than the Informant Pivots.
The case of the bulls is the capitulation volume on 9/28 (daily) along with intraday (before close yesterday) coupled with bullish convergence. Price has also, as of writing this, crossed through the 4359.26 bearish reversal level
Levels to to look out for tomorrow
4350ish - Bear/Bull Mason-Dixon line
4359.26 - Bearish reversal (of course, as with all of these we need price action in our favor)
4340.24 - Bullish reversal
4368.73 - Bullish continuation until 4384.49
4330.77 Bearish continuation until 4315.21
Bulls take control of the week at 4378.75
Bulls take back official control of daily market at 4472
To confirm bullish look for Informant OBV to run through 1.90M at open
To confirm bearish look for volume on Informant OBV to reject the 1.90M level at open