LFG

For technical context: 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. When the commodity/security closes higher than the previous close, all of the day’s volume is considered up-volume. When the commodity/security closes lower than the previous close, all of the day’s volume is considered down-volume.

can you elaborate a bit with what you are seeing with regards to On-Balance Volume and why you think that chart signifies something incredible?

When buying pressure starts overcoming the selling pressure it’s a shift in momentum towards the bulls. When this happens and down trend breaks up side, I’d expect price to follow the same. But again it’s just an indicator and I could be wrong.

HODL

Uptober is nigh.

thanks... so many manipulation factors in macro yeah hard to tell.

Yes we finally broke this falling wedge correction pattern! 👏🏻 If we hold 65k until end of the week this would be final confirmation that the bull is back. ✊🏻