VITE/BTC like this setup.
VITE been in range/accumulation mode for almost 700days + with fake breakout and fake break down. Looking at OBV we have very clear divergence ( On-Balance Volume ) somebody is accumulating while the weak ones are exiting
Invalidation point 0.00000139 SAT.
On Balance Volume (OBV)=
On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume on down days.
How this indicator works
The actual value of the OBV is unimportant; concentrate on its direction.
• When both price and OBV are making higher peaks and higher troughs, the upward trend is likely to continue.
• When both price and OBV are making lower peaks and lower troughs, the downward trend is likely to continue.
• During a trading range, if the OBV is rising, accumulation may be taking place—a warning of an upward breakout.
• During a trading range, if the OBV is falling, distribution may be taking place—a warning of a downward breakout.
• When price continues to make higher peaks and OBV fails to make higher peaks, the upward trend is likely to stall or fail. This is called a negative divergence.
• When price continues to make lower troughs and OBV fails to make lower troughs, the downward trend is likely to stall or fail. This is called a positive divergence.
Calculation
On Balance Volume is calculated by adding the day's volume to a cumulative total when the security's price closes up, and subtracting the day's volume when the security's price closes down.
If today's close is greater than yesterday's close then:
OBV = Yesterday’s OBV + Today’s Volume
If today’s close is less than yesterday’s close then:
OBV = Yesterday’s OBV – Today’s Volume
If today’s close is equal to yesterday’s close then:
OBV = Yesterday’s OBV
Vite/usdt
VITE been in range/accumulation mode for almost 700days + with fake breakout and fake break down. Looking at OBV we have very clear divergence ( On-Balance Volume ) somebody is accumulating while the weak ones are exiting
Invalidation point 0.00000139 SAT.
On Balance Volume (OBV)=
On Balance Volume (OBV) measures buying and selling pressure as a cumulative indicator that adds volume on up days and subtracts volume on down days.
How this indicator works
The actual value of the OBV is unimportant; concentrate on its direction.
• When both price and OBV are making higher peaks and higher troughs, the upward trend is likely to continue.
• When both price and OBV are making lower peaks and lower troughs, the downward trend is likely to continue.
• During a trading range, if the OBV is rising, accumulation may be taking place—a warning of an upward breakout.
• During a trading range, if the OBV is falling, distribution may be taking place—a warning of a downward breakout.
• When price continues to make higher peaks and OBV fails to make higher peaks, the upward trend is likely to stall or fail. This is called a negative divergence.
• When price continues to make lower troughs and OBV fails to make lower troughs, the downward trend is likely to stall or fail. This is called a positive divergence.
Calculation
On Balance Volume is calculated by adding the day's volume to a cumulative total when the security's price closes up, and subtracting the day's volume when the security's price closes down.
If today's close is greater than yesterday's close then:
OBV = Yesterday’s OBV + Today’s Volume
If today’s close is less than yesterday’s close then:
OBV = Yesterday’s OBV – Today’s Volume
If today’s close is equal to yesterday’s close then:
OBV = Yesterday’s OBV
Vite/usdt
