Multiple confirmation short

EmperorBTC/Other threads

전우치92 2021. 10. 18. 22:08

Cheat-sheet

Multiple confirmation short.

A short entry that we shared in 2020.

Study it point wise.

1. Bearish candle type and lowering of volume on price rise.

2. OBV divergence.

3. Accumulation with bearish candles and volume increase on price decrease

Explanation.

1. When price increases with a decreasing volume, It's bearish.

2. OBV, On Balance Volume should be correlated with price.

If price increases without similar increse in OBV, it's bearish.

3. During consolidation, if the volume increases during dumps, it's bearish.