BITCOIN: Another Indicator showing Reversal signals
The "Volume Flow Indicator" (VFI) is a volume indicator type oscillator created by Markos Katsanos and based on the "On Balance Volume" indicator which basically differentiates between BULLISH and BEARISH states of the market.
- When VFI is above zero this denotes a bullish condition. (Trend definition)
- When VFI is below zero this denotes a bearish condition. (Trend definition)
As you can see below, the last BEARISH market matches with the VFI bearish condition pretty well.
In the current situation, VFI is showing a breakout of the "0" line, moving from negative to positive value. This would mean a "reversal" condition but I would expect more "hesitating" movements around the "0" line first in order to close the "Consolidation" phase.
However, it is indeed a good new because it is the first time that BITCOIN is reaching a positive status on this worthy indicator since March 2019.
Slowly but surely all the signals are becoming more and more positive, including news and positive posts about so, I think we are really very very close to confirm the reversal.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently.
Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
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by toofasteddie
We still need some trend confirmation but it is great to see initial signs or reversal.
Indeed
Posted using Partiko iOS
Per fi sembla que hi ha bons senyals!
Poc a poc sembla que el nivell emocional va cambiant