Bitcoin may complete the correction soon and be ready to challenge the resistance: 8450 - 8550
I will buy the breakout of the falling trendline. Let us go to challenge 8500.
Symbol: BTCUSD
Timeframes: 15M - 12H
Indicator:
9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short term ribbons: Blue * 2 in 15M and 22M; If Blue becomes Purple, the support is broken.
Medium term ribbons: Light Green, Green
Long term ribbons: Still Red - We are in a Big Bear Trend -- Don't forget that, If the resistance is still tough, don't hesitate to close the position.
T1 8500
T2 8600
Stop 8280
I appreciate your like or comment. Welcome to share your idea here.
PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
I will buy the breakout of the falling trendline. Let us go to challenge 8500.
Symbol: BTCUSD
Timeframes: 15M - 12H
Indicator:
9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short term ribbons: Blue * 2 in 15M and 22M; If Blue becomes Purple, the support is broken.
Medium term ribbons: Light Green, Green
Long term ribbons: Still Red - We are in a Big Bear Trend -- Don't forget that, If the resistance is still tough, don't hesitate to close the position.
T1 8500
T2 8600
Stop 8280
I appreciate your like or comment. Welcome to share your idea here.
PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Comment:
If it breaks the falling trend line and stay above it, the set up still valid.
Comment:
Trade Active, The trendline is broken, First Ribbon turns Green.
Comment:
Entry: 8250
Stop: 8170
T1:8500
T2:8600
Stop: 8170
T1:8500
T2:8600
Trade closed manually:
Position Close Breakeven at 8300
The Retest was weak, a LH was formed.
Bitcoin could look for support on lower level than 8200.
The Retest was weak, a LH was formed.
Bitcoin could look for support on lower level than 8200.
Message the author for a trial of the indicators.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
The descending triangle is broken downward to test lower support.
Blue in 15m turns purple, indicates the broken of the support.