Long
On Balance Volume (OBV)
XPEV LongIn Wedge breakout + Revisit
OBV>SMA34(OBV)
Price> SMA13
Entry 35
Stop 25
Target 65
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
BTCUSDT 4H | Bitcoin market overview: OBV FallingHello, dear subscribers!
In the previous and other reviews we have repeatedly analyzed the meaning of the OBV indicator.
We have marked the important support for the buyers - 2.15M. In the days following the last bitcoin market review, the sellers managed to break down important support for the buyers. The bitcoin price corrected from $59,500 to $55,500 in this move.
At the moment, we are seeing the bitcoin price recovering from the fall. One of the expected scenarios of bitcoin price movement is a return to the 2.15M level of the OBV indicator after which a bounce down and a deeper fall of bitcoin price. On the chart, the projected movement is marked with arrows. The next bearish targets after the $55,000 are $52,000 and the round $50,000. It is also possible that the bulls will be able to win back the fall and raise the OBV above 2.15M.
Other indicators MACD and RSI are in the recovery zone, RSI is above 50, MACD shows growth.
In the next days or hours we may see a decoupling in the bitcoin market. All buyers should be careful, probably now the bitcoin price is at an attractive enough level to take profits.
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BTCUSDT 4H | Bitcoin market overview: Bullish signHello, dear subscribers!
In previous reviews we marked the $58,000 level as important for the bulls.
Fixing above it will give the bulls a chance to continue the full-fledged uptrend. In the past days, we have seen an active growth of bitcoin from the support level 1 - $51,500 - $52,000. Today, bitcoin price got close to 58,000 and broke through the downward channel, in which it was after the historical high.
The MACD and RSI indices turned up and are in the green zone. The OBV indicator touched the support at 2.15M, which is important for buyers and also turned up. All this indicates a full-fledged attack of the bulls, who are satisfied with the current correction and are ready to move the price up to new highs. In the current situation there might be a quick break-up of the level of $58,000 or a fake break-up with a long price chattering around $58,000 and a fight between the bulls and the bears for determining the direction of the trend.
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BTCUSDT 4H | Bitcoin market overview: CorrectionHello, dear subscribers!
In the previous review, we looked at the downward exit from the triangle as a priority movement option for bitcoin price.
In the following days, bitcoin price corrected down to the designated support zone. The bitcoin price entered the support zone of $51,000 - $52,000, after which the bulls beat off the bears' attack. The current bitcoin price resistance level is in the $55,500 zone. Support levels remain the same.
The RSI and MACD indicators are in the red zone, but at the moment show recovery after a strong fall. The OBV indicator touched 2.15M - this level is the main support for the buyers. A fixation below it would indicate the formation of a global downtrend.
At the moment, bitcoin price is in the wide zone of $51,000 - $55,500. In the coming days, buyers or sellers will try to overcome the boundaries and show their strength, in the current situation, the initiative remains with the bears.
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State of Bitcoin in early March, 2021Hi there, fellow traders.
As we begin a new month, here is an overview of both high, mid and low time frames (from monthly to 15 mins), according to fib casts, Price Finder and OBV.
Hope this helps!
Cheers!
PHInkTrade
EURUSD: bullish 1.272 extension''BUY MARKET ORDER''
Why buy?
Bullish 1.272 extension
Entry: 1.272
Stops: 1.618 (-2 PIPS)
Target: B
Comments:
Moving stops to BE if we see a 61.8% retracement at 1.202xx
Good luck to everyone buying Euro!
Gold: 78.6% retracement in 1/3 timeDecided to share my bullish bias with this chart on gold.
Bullish bias:
78.6% retracement in 1/3 time
Bullish hidden divergences in volume (and momentum, however volume is plotted on chart)
Initial target is the total distance from A-B projected from C, coming in at aprox. 1998$ for gold, which in turn completes the bearish AB=CD. Other potential targets plotted as .382 and .618 on the chart!
Good luck to everyone buying gold!
Clean retest of the 144EMALooks primed here. Price broke the long term downtrend (144EMA) and retested perfectly. Short EMAs are in a healthy uptrend as is the OBV. The fields on the OBV printed a 5 while making a new ATH which for me is extremely bullish.
Took the trade at 0.00000977 BTC for a clean 6.5RR (stop below 144EMA, TP at last real pivot (conservative)).
EURAUD Rule and Indicator-based Buy TradeSo the rules are:
1. EMA 9 crosses up HULL 50 after a long impulse down
2. Price breaks out
3. Move is accompanied by OBV above zero line
Let's see if this works.
BTCUSDT 4H | Bitcoin market overview: BearishHello, dear subscribers!
In our previous review, we looked at the formation of the "triangle" pattern on the bitcoin price chart.
Bitcoin price came out of the "triangle" downwards, this confirms selling as the main scenario. The price minimum after exiting the "triangle" at the level of - $35,000, was - $28,850. After that, bitcoin price corrected upwards and entered the zone of $31,000 - $34,300 between support and resistance level. At the moment, bitcoin price is within this range. According to the MACD and RSI indicators, we see a corrective upward movement. An interesting picture is observed on the OBV indicator - the indicator value has fallen under the support of 1.795M, which indicates a bear market. A rebound from resistance is likely to lead to another bearish attack in the bitcoin market.
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BTCUSDT 4H | Bitcoin market overview: Triangle battleHello, dear subscribers!
In the previous review, we looked at the boundaries of bitcoin price movement zones in the short term.
In the following days, the bears managed to lower the bitcoin price to the resistance zone 1. Buyers managed to beat off the bears' attack twice and push the price up.
At the moment, bitcoin price is at the border of the resistance level - $36,800, which was previously a support. The bitcoin's price movement forms a "triangle" pattern, an exit from which up or down will cause the price movement equal to the height of the triangle, which is about $10,000.
The MACD and RSI indicators show the dominance of buyers in the market, in the current 4-hour candle they both went into the green zone. If the bears did not manage to close the current candle in the red zone, a buy signal will be formed. The OBV is showing a decline in the long positions of the last few days, which tells you that the sellers are increasing their positions. This may be a negative factor for further bitcoin price growth.
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Negative Divergence on BTCUSD according to OBV ExKAlthough RSI does not fully support it, there is a negative divergence in daily BTCUSD according to the OBV ExK indicator. I think this offers an important assessment for the retreat. Undoubtedly, this needs to be supported by other indicators. Happy new year...
BTCUSDT 4H | Bitcoin market overview: Bullish signHello, dear subscribers!
In our previous review, we looked at the Triangle pattern and bitcoin's downward exit from it. The exit worked correctly, but the bears could not lower the price beyond the first support level of $17,600.
Since December 1, bitcoin price has been inside the $17,600 - $19,400 zone. After the last bounce of the bitcoin price from the support level of $17,600 the RSI and MACD indicators came to the green zone and signal a local bullish trend. It is important for buyers to consolidate above $19,400 level - it will be a good sign for continuation of the global uptrend. Also on the bitcoin market, formation of a pattern - fakeout, a brief exit above the resistance level - $19,400 and a reversal downward is possible. For now, bitcoin market is on the side of buyers.
OBV indicator shows that the current bitcoin growth is not supported by a set of long positions. The indicator shows declining growth peaks in buying volumes, indicating that the bulls are weakening.
Subscribe to the channel and stay tuned!
BTC Price & OBV - Bull/Bear Cases1. Price & OBV both in triangle consolidation
2. OBV looks to be heading down into Wave D
3. Price could breakdown form triangle and retest 10600 where OBV wave E could begin.
4. From 10600 we either pump or dump. Either way 10600 is critical to what comes next.
Whatever happens it appears 10600 is coming, as price, OBV, and even RSI have bear diverenges.
Moderna seeing positive OBV divergence Looks like NASDAQ:MRNA is set for a bullish trend. The OBV has made new highs on lower price points.
"Volume precedes Price"
Short NZDUSD Daily - Ot ForexFX:NZDUSD has recently rallied higher even though it is in a strong downtrend ( weekly lower lows ) . As indicated on the chart the weekly resistance and support levels.
Price has reached and broken the first level on higher volume , but it has made a strong return to the downside when it reached the 0.5 Rib Retracement Line.
Stop Loss can be set just above the First Resistance level with entries occurring just below and take profit targets should be set at the daily consolidation rectangle.
3 Year DivergenceCrouching tiger, hidden dragon since 2017. Major resistance, going to be very volatile soon.
USDJPY 108.30 RESISTANCEThe US dollar has continued its breakout rally against the Japanese yen currency as risk-on trading sentiment in broader financial market improves. The USDJPY pair will turn technically bullish over the medium-term if price moves above the 108.30 resistance level. Traders should note that a breakout above the 108.30 resistance level could cause the USDJPY pair to rally towards the 111.00 area.
The USDJPY pair is only bearish while trading below the 107.30 level, key support is found at the 106.90 and 106.03 levels.
The USDJPY pair is only bullish while trading above the 106.90 level, key resistance is found at the 108.30 and 109.00 levels.
Do your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
