Could the forces in the cryptocurrency have left?

in #cryptocurrency7 years ago (edited)

In the previous article I wrote about the forces of ripple.
https://steemit.com/cryptocurrency/@alexkang/did-the-ripple-force-go-out

Let's expand into the entire cryptocurrency City market.

bitcoin1.jpg

Now all passwords are falling in price.
Did the power go out of the cryptographic market?

To understand this you need to understand OBV.

OBV is a supplementary indicator that helps you understand the movement of forces by reworking the volume of transactions.

If the OBV rises, there are many investors who think that future prices will rise.
This includes forces.

If OBV declines, there are more investors who think that future prices will fall.
In this case, it can be seen as a situation in which the forces have been robbed.
This is because the amount of sales that OBV declines is responsible for the big axis.

This OBV is an indicator developed based on Charles Dow's theory that 'trading volume precedes stock price'.
It is difficult to understand the movements of forces by analyzing only simple quantities.

It's as easy to understand when you look at a moving average line together rather than just a simple bar chart connection.

Let's take a look at Bitcoin and Etherium, which are the biggest axis in understanding the entire market of cryptography.

  • Bitcoin

비트코인 차트.jpg

Bitcoin is the captain of the steadily rising upward password.
A detailed look at the price trend of bit coin shows that there are many 100% surge and 50% surge.
But for a long time, the trend is upward.
I am afraid of how long this trend will continue.

Anyway, let's look at the chart above.

The price of Bitcoin, which made its peak in January 2018, continues to decline.

As you look at it, many individual investors are concerned that they might have been robbed.
However, if you look at OBV, you can see that it keeps rolling.
Through this, we can see that the forces are still not releasing their homes.

So, if the downtrend ceases in the near future, you may think that you will buy more quantity at lower price again.
This is the time to raise the price again, so if you are preparing for the investment, it will be worth a look.

  • Etherium

이더리움 차트.jpg

The current trend for Etherium is the same as bit coin.
After peaking in January 2018, prices continue to decline.

However, the OBV is still on the run.
This means that mass selling has not yet taken place.

Individuals who sell and sell their losses may think they will affect the OBV because they have sold it.

However, the amount of hundreds of millions of won or billions of won sold by an individual has no effect on the flow of such a huge amount of trading volume.

In addition, let's look at Etherium's past flow.

From May to June 2017, the price of etherium has skyrocketed.
And it had plummeted throughout the month of July.

Looking at the OBV flow at that time, OBV also rose with price surge.
And as prices plummeted, OBV also fell.

This situation can be seen as a departure from the forces.
This is because mass selling has occurred at the same time as the price has dropped.
It took about four months for the decline in the power to shift to the upward trend.
After four months, Etherium begins to rise again from the end of November.

The departure of the forces causes a somewhat long stretch, but the forces are back again.

However, the current trend has not yet occurred due to price drop.
So you may not have to wait for four months.

Only the forces will know when the price of the currency is rising.
But their movements can only be revealed through volume analysis.
So I look forward to having good news if I wait patiently.

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