Bitcoin Rejected by Resistance - Short Trade 20190720
Symbol: Bitcoin, XBTUSD, BTCUSD
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signal:
Short Timeframe: 2H Yellow: Resistance worked
Long Timeframes – Context: Red – Bearish
SETUP: SHORT
ENTRY @ 10550
SL @ 10751
T1 @ 10301
T2 @ 10101
T3 @ 9801
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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.
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signal:
Short Timeframe: 2H Yellow: Resistance worked
Long Timeframes – Context: Red – Bearish
SETUP: SHORT
ENTRY @ 10550
SL @ 10751
T1 @ 10301
T2 @ 10101
T3 @ 9801
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free 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.
Trade closed: stop reached:
Interesting range and breakout, Bitcoin is appealing like this.
Comment:
In case the Yellow becomes Lime and keeps, which may indicate a breakout. Since the range is so long, the breakout can be violent; so as the downside.
Trade closed manually:
At 10670, Bull looks win.
Comment:
Yellow -> Lime: Resistance is overcome.
Comment:
Since the breakout faded, Lime -> Yellow on 2H timeframe, I go short for this signal:
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.
Reopen short position