go8686

Bitcoin Buy-The-Dip Bounce Trade Opportunity

Long
go8686 Updated   
BITSTAMP:BTCUSD   Bitcoin
There may be a Buy-The-Dip bounce trade opportunity from the Demand Zone.
Condition: Strong price move upward in the Demand Zone and stay above it.

If the resistance above (8200-8400) can be break through, this Demand Zone can be a medium term bottom.

Indicator:
9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
3 Blue Ribbons (Strong Support) in 42m -85m
If Blue becomes Purple, the support is broken.

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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.




Trade closed: target reached:
Many profitable bounces opportunities.
Now it just got support from the demand zone, a medium term bottom may be here. Check my new idea:

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A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
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