ItisCalvin

OBV Has Cycles, Too... Some BUY Signals

Long
BITSTAMP:BTCUSD   Bitcoin
2
Well I've been busy recovering from my vacation which was 3 time zones away. Threw me off my schedule making me not want to do anything. Then I had to go through 100+ photos, toss the bad ones, and finally post process them all. Made it through all that yesterday. To add to that, I have been rather lazy and just wanted to relax a bit. Well time for some TA!

Indicators

SAR – It has gotten so close to touching the price. I am thinking that we will see some nice moves up. May not be the quickest of moves, but it should be a good sign to buy. Unless, of course, something causes sudden spike down.
MACD – I used a MACD with the simple MA. This one shows that there is a convergence and possible crossover soon! Kinda coincides with the SAR to give us another confirmation.
OBV – This indicator has a general pattern about it. It all seems like a mess until you look at it carefully. It tends to have an angle that will generally show how quickly prices will increase or decrease. Currently it is not very steep OBV which goes perfectly with the lack of any strong moves down. This could change really soon once we see the fight up.

Targets

Opto-Bull Target: $665
Bear: 600
Extreme Bull: 684
Extreme Bear: 588
Timing: 5-10 days, because honestly these markets aren’t moving that quickly.

Don't think my blog has anything interesting, but I'll put a link in anyways www.allbitcointa.cu....to-remain-stuck.html

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