go8686
Short

BITCOIN IS RUNNING OUT OF GAS, A PULLBACK MAY HAPPEN SOON

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
BITCOIN (BITFINEX:BTCUSD) is testing the upper border of the ascending channel . Two attempts were failed during the past hours. There may be another test, but with a high probability, a Pullback may happen soon.

Reasons:
Overbought / Resistance (Yellow) in 30 minute, and 42 minute time frames.
In 15 minute, a Double Top Pattern is formed.
MACD Divergence in 30 minute
RSI has Lower Top.
Hammer on the top of 1 hour time frame.

There is strong support in 4130-4160, it is still too early to say if the support will work once more.

If you find this idea reasonable, please like it, I appreciate your thumbs up. People who like will have a bonus of Four-Day free trial of -"9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator".

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DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.

Comment: New Idea to follow up
Comment: There is no problem with this Short Signal, the problem is that I should have listened to the indicator of Breakout, as explained in my new idea:
An artisan that helps traders improve productivity.
Tutorial List: https://9seasonsrainbowindicator.blogspot.com/search/label/tutorial
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Thanks bud, :-)
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Hook up the indicator bud, :-)- where can I learn how to read it properly?
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