What does OBV stand for in cryptocurrency trading?

3 answers

• Dec 16, 2021 · 3 years ago
  OBV stands for On-Balance Volume in cryptocurrency trading. It is a technical analysis indicator that measures the buying and selling pressure of a cryptocurrency. OBV takes into account the volume of trades and whether the price of the cryptocurrency closes higher or lower than the previous day's closing price. It is used to identify trends and confirm price movements in cryptocurrency trading.
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• Dec 16, 2021 · 3 years ago
  OBV, short for On-Balance Volume, is a popular indicator in cryptocurrency trading. It helps traders analyze the flow of volume in relation to price movements. By tracking the OBV line, traders can identify whether buying or selling pressure is dominant in the market. This can provide insights into potential trend reversals or confirm existing trends. OBV is a valuable tool for technical analysis in cryptocurrency trading.
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• Dec 16, 2021 · 3 years ago
  OBV, which stands for On-Balance Volume, is a widely used indicator in cryptocurrency trading. It was developed by Joseph Granville and is based on the theory that volume precedes price movements. OBV calculates the cumulative sum of volume based on whether the price closes higher or lower than the previous day's closing price. It is often used to confirm trends and identify potential trend reversals in cryptocurrency trading. Traders can use OBV in conjunction with other technical indicators to make informed trading decisions.
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