{"id":412214,"date":"2020-01-24T17:00:27","date_gmt":"2020-01-24T17:00:27","guid":{"rendered":"https:\/\/wncen.com\/?p=412214"},"modified":"2020-01-24T17:00:01","modified_gmt":"2020-01-24T17:00:01","slug":"volume-precedes-price-altcoin-crypto-investors","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/volume-precedes-price-altcoin-crypto-investors\/","title":{"rendered":"Volume Precedes Price: Why an Unexpected Altcoin Crash Could Surprise Crypto Investors"},"content":{"rendered":"<p>Top financial market analysts often live and die by the mantra that volume always precedes price, and the same is true for crypto assets like <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> and the rest of the <a href=\"https:\/\/wncen.com\/2020\/01\/22\/altcoin-market-preparing-shocking-disbelief-rally-according-to-wall-street-cheat-sheet\/\">altcoin market<\/a>.<\/p>\n<p>An indicator designed to spot early changes in volume may be signaling that although <a href=\"https:\/\/wncen.com\/2020\/01\/20\/altcoin-market-bottoms-with-highest-buy-volume-in-crypto-history\/\">altcoins are rallying across the greater crypto market<\/a>, a surprising crash may soon catch crypto investors off guard.<\/p>\n<h2>Understanding On-Balance Volume: The Smart Money Indicator<\/h2>\n<p>The idea was primarily popularized by market analyst and author <a href=\"https:\/\/en.wikipedia.org\/wiki\/Joseph_Granville\" rel=\"nofollow\">Joe Granville<\/a>, in his 1970s book entitled <em>New Strategy of Daily Stock Market Timing for Maximum Profit<\/em>.<\/p>\n<p>In the best-selling book, Granville explained that assets don\u2019t rise in price until demand exceeds supply and that demand is measured and volume \u2013 \u201cthus volume must precede price.\u201d<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/01\/22\/altcoin-market-preparing-shocking-disbelief-rally-according-to-wall-street-cheat-sheet\/\">Altcoin Market Preparing Shocking Disbelief Rally According to Wall Street Cheat Sheet\u00a0<\/a><\/strong><\/em><\/p>\n<p>This was so important to Granville\u2019s market analysis, he later developed a tool and technical analysis indicator called \u201cOn-Balance Volume.\u201d<\/p>\n<p>The indicator \u2013 often called the \u201csmart money indicator\u201d \u2013 is designed to spot early fluctuations in volume that can help predict price movements much sooner than with other indicators.<\/p>\n<p>Some indicators are considered lagging indicators, such as the MACD, only providing signals after the fact. But the OBV indicator is a leading indicator that gives signals early.<\/p>\n<p>It makes taking action on such signals riskier, however, the tool does work with chilling accuracy.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Screen-Shot-2020-01-24-at-11.48.17-AM.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-412215 size-large\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/Screen-Shot-2020-01-24-at-11.48.17-AM.png?resize=860%2C431\" alt=\"altcoin price chart market crypto\" width=\"860\" height=\"431\"><\/a><\/p>\n<h6 style=\"text-align: center\"><em><strong>Click image for a full-size version.<\/strong><\/em><\/h6>\n<h2>Altcoin Market Could Be Signalling a Major Selloff Ahead as Whales Prepare to Dump<\/h2>\n<p>In the above chart of the total <a href=\"https:\/\/wncen.com\/2020\/01\/20\/altcoin-market-bottoms-with-highest-buy-volume-in-crypto-history\/\">altcoin market<\/a> cap, OBV can be seen rising ahead of the breakout of downtrend resistance, which suggests that \u201csmart money\u201d was taking a position before the breakout occurred.<\/p>\n<p>The breakout on the OBV occurred in late December, resulting in an uptrend on the indicator. Later, in mid-January, price followed volume and broke through downtrend resistance.<\/p>\n<p>And just as the saying goes, volume preceded the eventual price explosion that led the altcoin market to rally over 50% in less than 30 days.<\/p>\n<p>However, that same tool may be now signaling that \u201csmart money\u201d \u2013 either high wealth whales or institutional investors \u2013 may be dumping altcoins on retail investors buying the breakout in anticipation of more upside.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/2020\/01\/23\/altcoin-market-following-early-bitcoin-path-could-lead-to-life-changing-wealth\/\">Altcoin Market Following Early Bitcoin Path Could Lead to Life-Changing Wealth\u00a0<\/a><\/strong><\/em><\/p>\n<p>Instead, the OBV indicator may be signaling that the rally has ended, and distribution is taking place. OBV has foretold a deep drop may be ahead now that the indicator is in another downtrend, and shows a negative correlation with the largest FOMO candle on the altcoin chart.<\/p>\n<p>If the early signal of the rally is any indication, the early signal that a selloff is about to surprise crypto investors cannot be ignored.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Top financial market analysts often live and die by the mantra that volume always precedes price, and the same is true for crypto assets like Bitcoin and the rest of the altcoin market. An indicator designed to spot early changes in volume may be signaling that although altcoins are rallying across the greater crypto market, a surprising crash may soon catch crypto investors off guard. Understanding On-Balance Volume: The Smart Money Indicator The idea was primarily popularized by market analyst and author Joe Granville, in his 1970s book entitled New Strategy of Daily Stock Market Timing for Maximum Profit. In the best-selling book, Granville explained that assets don\u2019t rise in price until demand exceeds supply and that demand is measured and volume \u2013 \u201cthus volume must precede price.\u201d Related Reading | Altcoin Market Preparing Shocking Disbelief Rally According to Wall Street Cheat Sheet\u00a0 This was so important to Granville\u2019s market analysis, he later developed a tool and technical analysis indicator called \u201cOn-Balance Volume.\u201d The indicator \u2013 often called the \u201csmart money indicator\u201d \u2013 is designed to spot early fluctuations in volume that can help predict price movements much sooner than with other indicators. Some indicators are considered lagging indicators, such as the MACD, only providing signals after the fact. But the OBV indicator is a leading indicator that gives signals early. It makes taking action on such signals riskier, however, the tool does work with chilling accuracy. Click image for a full-size version. Altcoin Market Could Be Signalling a Major Selloff Ahead as Whales Prepare to Dump In the above chart of the total altcoin market cap, OBV can be seen rising ahead of the breakout of downtrend resistance, which suggests that \u201csmart money\u201d was taking a position before the breakout occurred. The breakout on the OBV occurred in late December, resulting in an uptrend on the indicator. Later, in mid-January, price followed volume and broke through downtrend resistance. And just as the saying goes, volume preceded the eventual price explosion that led the altcoin market to rally over 50% in less than 30 days. However, that same tool may be now signaling that \u201csmart money\u201d \u2013 either high wealth whales or institutional investors \u2013 may be dumping altcoins on retail investors buying the breakout in anticipation of more upside. Related Reading | Altcoin Market Following Early Bitcoin Path Could Lead to Life-Changing Wealth\u00a0 Instead, the OBV indicator may be signaling that the rally has ended, and distribution is taking place. OBV has foretold a deep drop may be ahead now that the indicator is in another downtrend, and shows a negative correlation with the largest FOMO candle on the altcoin chart. If the early signal of the rally is any indication, the early signal that a selloff is about to surprise crypto investors cannot be ignored.<\/p>\n","protected":false},"author":517,"featured_media":412216,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3,13625,16894],"tags":[134,428,6664,55816,4407],"class_list":["post-412214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","category-ethereum","category-ripple","tag-altcoin","tag-bitcoin","tag-crypto","tag-on-balance-volume","tag-volume"],"acf":[],"yoast_head":"\n<title>Volume Precedes Price: Why an Unexpected Altcoin Crash Could Surprise Crypto Investors<\/title>\n<meta name=\"description\" content=\"The altcoin market may have broken out of downtrend resistance by the On-Balance Volume indicator could suggest a shocking drop is ahead.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/volume-precedes-price-altcoin-crypto-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Volume Precedes Price: Why an Unexpected Altcoin Crash Could Surprise Crypto Investors\" \/>\n<meta property=\"og:description\" content=\"The altcoin market may have broken out of downtrend resistance by the On-Balance Volume indicator could suggest a shocking drop is ahead.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/volume-precedes-price-altcoin-crypto-investors\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-24T17:00:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-24T17:00:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/01\/altcoin-crypto-volume-on-balance-volume-shutterstock_1462183544.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \"The Bull,\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \"The Bull\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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