Forwarded from Zvn’s Charts
Volume precedes price, tattoo this on your hand.
https://twitter.com/opchecksig/status/1216739093947846662?s=21
https://twitter.com/opchecksig/status/1216739093947846662?s=21
Twitter
Zavan
$XBTUSD 1W A few days ago I posted that the daily OBV was crossing up its 20MA and showed a bull div, in the next few days price went to climb some 11% at the high. Now we see OBV possibly crossing up its 20MA on the weekly chart (I marked a few other crosses…
Forwarded from Zvn’s Charts
The trend is still up, so bullish bias still, but be prepared for a possible breakdown too.
https://twitter.com/opchecksig/status/1217961593838981120
https://twitter.com/opchecksig/status/1217961593838981120
Twitter
Zavan
$XBTUSD 1H It might be time to start paying attention.
Forwarded from Zvn’s Charts
Very strong sell pressure for a comparatively weak retracement. Effort vs result.
Forwarded from Zvn’s Charts
I was going to talk about this rising wedge tomorrow after the weekly close but I have better stuff to talk about then and I was asked about it today.
https://twitter.com/opchecksig/status/1218531826245021698
https://twitter.com/opchecksig/status/1218531826245021698
Twitter
Zavan
$XBTUSD 1D IMO this is a reversal, the price has been making higher highs and higher lows, it's an uptrend. So a break of this rising wedge would probably lead to a simple retracement: I don't think it retraces further than the marked fibs (8.1-8.4k).
I also should say that BTC has a big history of breaking out of rising wedges and starting an even more vertical uptrend. Just something to keep in mind.