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BTC OBV bullish divergence and distribution trend break

BINANCE:BTCUSDT   Bitcoin / TetherUS
I have been following the volume trends on BTC , volume trend lines have held well giving me confidence in the recent rebound. OBV is showing a bullish divergence , signalling strong accumulation, while breaking out of the distribution channel formed with the drop Sept 7. As you can see from the 4hr chart we have broken out of the top trend of the distribution channel, though we are doing so in a rising wedge , which suggests we still have work to do before price breakout, with some more down side from the current point possible as price consolidates in the price triangle. If the OBV wedge breaks to the downside I'll be looking for support on the channel trend first and lower red trend line second, a break of the red trend line will be a red flag for me, signaling further distribution and lower prices.

Caution exercised as large buy and sell events such as the PBOC FUD can cause anomalies in OBV charting, but on balance I am bullish intraday as this volume trend has held strong, and showing bullish signs. Still monitoring the daily trend closely though, which has some signs of weakness
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