SpocksBrain

Some interesting trend lines

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Some interesting trend lines to consider. The dotted line on the price chart is from the tops of the previous two large expansion cycles. We are at the top of that trend right now. The dotted line on the RSI is also from the first major expansion cycle on the chart. The RSI trend is imperfect but us still interesting. The solid trend line on the OBV was used as support, but has been major resistance for volume expansion this entire cycle. Not basing any trades solely on this analysis but thought I would share nonetheless.

Happy trading.
Trade active: Entered short at 5844

Comments

Very interesting.. Thanks for sharing..
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what is the histogram on the right? thanks
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SpocksBrain luigiborla
@luigiborla, Visible Range Volume Profile
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