BTC & OBV

What is an OBV?

The On-Balance Volume (OBV) indicator is a tool used in trading to gauge the strength of a price trend. It does this by tracking the cumulative volume of an asset over time. When the OBV rises, it indicates buying pressure, suggesting an uptrend. Conversely, a falling OBV suggests selling pressure and a potential downtrend. Traders use it to confirm trends and identify potential trend reversals.

I've noticed a range happening on OBV

Generally, if OBV has been at the top, there was reason to look for a sell.
Vice versa if OBV is at bottom range, a buy could be caught.

25K level has been important for BTC as a resistance and now as a possible support.

I'm looking for a wick (to grab liquidity) around 25K level and then a possible move up.

However if we break and stay under 25K, it opens up gates for a H&S pattern, which could take us below 20K.

September is historically a bearish month for cryptos, so be careful out there!