The $FOX team is doing a giveaway for the CKC community for their support.
If you hold $FOX then retweet and drop your wallet below or in the meme section of CK discord (all CKC Elite holders will get some $FOX)
Called in CKC discord at 1.5M, it did a 7x, then pulled back. healthy price action. I'm adding more.
👇
2023: BONK at $25M → 200x
2024: Fartcoin at $29M → 70x
2025: Fartboy at $9K → $190M → 21,111x
2025: Hyper: $500K → $31M → 62x (still early)
There will be more opportunities soon. Stay tuned CKC
CA: 0x005E6FD1610302018dcd9CaF29b8Bc38fF6efd98
In 2021, I lost over $2M.
Reason: Not identifying major top signals
This cycle, the same will happen with 90% of the newbies.
A thread on 7 major top signals so that you don't end up losing your profits:🧵
(Bookmark it)
🔸OBV lesson🔸
"Mate, what's this OBV thing often mentioned in analyses?"
Yes, it seemed hieroglyphs to me too, don't worry.
In this post, I'll break it down in a simple way explaining why you shoud be familiar utilizing it (yes, even if you're not a trader) -> hint: can help you improving your profitability
🔸OBV exaplanation🔸
OBV stands for On-Balance-Volume, a technical indicator that simply helps us gauge the strength of the trend.
It adds volume on "up" days and subtracts it on "down" days.
Let's make a clear example dividing it into 3 trading daily sessions:
▫️ 1st day ▫️
- BTC price: 40,000$
- Volume: 120,000
- OBV first day -> 100.000
▫️ 2nd day ▫️
- BTC price: 42,000$
- Volume: 120,000
- OBV second day -> 120.000
Why? Because the price of BTC in the second session has closed higher than the first one -> OBV has added volume
▫️ 3rd day ▫️
- BTC price: 41,000$
- Volume: 50,000
- OBV third day -> 70,000
Why? Because the price of BTC in the 3rd session has closed lower than the 2nd one -> OBV subtracted the volume
"But bro, I don't want to calculate it.."
You don't have to, OBV does it for you.
🔸The importance of OBV 🔸
At this point you might be asking: "Why is this relevant and I should use it?"
Because, together with the price action, it gives us a better outlook on the strength a move.
Substantially:
- Price + OBV trending up = bullish momentum
- Price + OBV trending down = bearish momentum
Nothing too complicated, right?
🔸Concrete applications🔸
These are the 3 main uses of OBV:
▫️ Confirmation of a move (ex. downtrend sustained by OBV)
▫️ OBV as main indicator (volumes anticipate prices)
As you can see from this chart, OBV has been useful for determining and anticipating a break in Bitcoin market structure.
▫️ Divergence between OBV and price (we have a divergence when the price goes up/down and the OBV in the opposite direction)
▫️ Bearish divergence:
▫️ Bullish divergence:
🔸Final considerations🔸
OBV is an indicator used by most of experienced traders and it's also powerful given its simplicity and accuracy over time.
However, it must NOT be used alone taking decisions exclusively based on it.
It should be used as an additional insight to confirm your theory or to be aware of a potential trend change.
👁️If you've come this far and enjoyed the content, please, repost it to support my work and to make sure that as many people as possible can benefit from it. 👁️
#KuCoinFutures5Year Frenzy
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1⃣Follow @KuCoinFutures.
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