Hello, here is a simple analysis on several timeframes for Bitcoin / USD on Bitfinex. I used my custom indicator, called Cyatophilum Bands. The upper band can be used as resistance, and the lower band as support. If price breaks below: go Short and wait for a weighty top wick or a green candle to exit. If price breaks above: go Long and wait for a significant bottom wick or a red candle to exit.
The Cyatophilum Bands indicator can be configured on several timeframes, as such:
High timeframes 4H (240)
1H (60)
Low Timeframes 15 M
5 M
The automated alerts help to not miss opportunities. Backtest below. You can get it today here.
Thanks for reading ! I'll appreciate your analysis too.
simple cross of 5 & 10 =)