CVI - "If it trends up while averages trend down, Bullish."
Cumulative Volume Index (redliontrader.com/cumulative-volume-index-t2104/)
"This indicator is sometimes called up volume/down volume. It is calculated by taking the volume of the
advancing issues and subtracting the volume of the declining issues. It is a cumulative indicator, so the
value is meaningless. This indicator is interpreted the same way the advance/decline line is interpreted.
"If it begins to trend down while the averages are trending up, it is a bearish sign."
"If it begins to trend up while the averages are trending down, it is a bullish sign."
- BTC's CVI is at it's highest since February 2nd, 2018 while average volume over the last few weeks continues to decrease to currently at the lowest average of the year on. I see this tight sideways trading, volume decrease, and recent bounces off of the standing support line as signs that the bear's are completely exhausted AND the bull's are wrapping up a long hibernation, about to wake up. We just finished one hell of a correction starting in December and we haven't seen this type of "boring" sideways action in a year or more. A new cycle has started and we all know BTC is a sleeping giant, long-term.
Safe trading!
"This indicator is sometimes called up volume/down volume. It is calculated by taking the volume of the
advancing issues and subtracting the volume of the declining issues. It is a cumulative indicator, so the
value is meaningless. This indicator is interpreted the same way the advance/decline line is interpreted.
"If it begins to trend down while the averages are trending up, it is a bearish sign."
"If it begins to trend up while the averages are trending down, it is a bullish sign."
- BTC's CVI is at it's highest since February 2nd, 2018 while average volume over the last few weeks continues to decrease to currently at the lowest average of the year on. I see this tight sideways trading, volume decrease, and recent bounces off of the standing support line as signs that the bear's are completely exhausted AND the bull's are wrapping up a long hibernation, about to wake up. We just finished one hell of a correction starting in December and we haven't seen this type of "boring" sideways action in a year or more. A new cycle has started and we all know BTC is a sleeping giant, long-term.
Safe trading!
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