Apologies for earlier chart, did not update due to technical error. It appears the price is consolidating in a tight triangle/channel. Should the price break this to either side, I will be placing a position to take advantage of the same. There is a pseudotriangle on OBV as well with two small breaks to the downside with another coming up soon. While it appears...
Shallow volume indicated on OBV. In top of band and very easy short, will extend to low of band or beak down and be a safe high leverage short.
Jozza will be back. People, Jozza will be back. I will be among you.
Broke critical trend lines and no more supporting volume in the larger bear trend.
No bounce in sight when the price closed in on 3600, Price now consolidating prior to another leg down.
On both of my drawn triangles, we saw a breakout. Unfortunately I cannot mark these as purchases as I was asleep but as a paper trade, it is excellent. I can't wait until I can automate this.
Arrows drawn to how well support has be been held at certain levels. Looking forward to how this shakes out.
It appears the bull run has been further delayed so I will be posting a further update to the short. At this time, I will not change my buy in point from the primary bear OBV trend. Current target still within 600 - 610 area. If that fails, next support is at 525 area as far as linear price support goes. This is based off very old data from the bubble in late...
All relevant annotations added to chart for his and her pleasure. Another publish will be made when I buy in. Currently writing up rules for Grape. Coding with Python ongoing.
Pay attention to the OBV trend. I have used this to dictate when the trend breaks and OBV typically leads price by up to an hour. Once you see divergence from my drawn trends, you should be a breakout. Feel free to look backwards on my chart to see my buys and sells based on OBV divergence. Right now, short term bear. Possibly to 600-610 range.
This one appears to be bearish. Since it has held for a day, I'll post it here so I can follow it. FOR SCIENCE!
VERSIONS PUBLISHED HERE ARE BETA UPLOADS AND DO NOT CONSTITUTE AN EFFECTIVE TRADING SYSTEM
Extra credit goes to Zoinky for providing both the initial design, stick enhancement and entertainment while producing the chart. Seriously though, have a look at the Fibbonacci rising channel. We will trace then bull up to 700. 1000 is not out of reach this month.
Bounced off short term support but observing resistance at 430.
OBV 4h indicates bounce. But Oscillators want more bear. We may break a 1 month old channel here in which case, we have a fair chance of breaking 400. High support noted in this area however. Sentiment may overpower TA.
It appears a bull pennant is forming. need confirmation. OBV has broken the bear trend however.
It appears we have a bearish pennant formed which is breaking down. Bear market appears to be continuing after consolidating around the 500 dollar psychological barrier. Sell volume appears higher than buy volume on the candles.