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go8686
Mar 7, 2019 5:48 PM

BITCOIN is Overbought, a big pullback may happen soon Short

Bitcoin / United States DollarCoinbase

Description

BTCUSD is OverBought in 42m and 1H time frame, as indicated in 9 Seasons Rainbow Indicator.
A new high may be touched, meanwhile, a big pullback may happen soon.

Comment

RSI Divergence in 1H, BTC Lower High

Comment

OverBought in 15m

Comment

An ascending triangle is developing, looks like a new breakout can be expected before the pullback. Overbought in 10m, 15m has become Crazybought, which normally means a possible breakout.

Comment

Disclaim:
This is only a personal opinion and does not serve as investment nor trading advice.
You should make their own decisions, carefully assess risks and be responsible for your own investment and trading activities.

Comment

The ascending triangle failed, looks like the range ends.
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