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
