Technical analysis by RiskCity about Symbol BTC: Buy recommendation (9/11/2023)

What is an OBV?The On-Balance Volume (OBV) indicator is a tool used in trading to gauge the strength of a price trend. It does this by tracking the cumulative volume of an asset over time. When the OBV rises, it indicates buying pressure, suggesting an uptrend. Conversely, a falling OBV suggests selling pressure and a potential downtrend. Traders use it to confirm trends and identify potential trend reversals.I've noticed a range happening on OBVGenerally, if OBV has been at the top, there was reason to look for a sell.Vice versa if OBV is at bottom range, a buy could be caught.25K level has been important for BTC as a resistance and now as a possible support.I'm looking for a wick (to grab liquidity) around 25K level and then a possible move up.However if we break and stay under 25K, it opens up gates for a H&S pattern, which could take us below 20K.September is historically a bearish month for cryptos, so be careful out there!