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.
Overbought / Resistance (Yellow) in 30 minute, and 42 minute time frames.
In 15 minute, a Double Top Pattern is formed.
MACD Divergence in 30...
is completing the retrace and is ready to retest the upper border of the ascending channel, 4150 in Bitmex.
All the ribbons turned Green (Bull context) after yesterday's pullback.
MACD-1H in Bull Zone
RSI-30m has higher bottom
Compared to Mar 18, similar scenario may repeat
Since it is on the 30%...
BITCOIN (BTCUSD, XBTUSD) has just broke out the resistance of March 20.
It is stronger than expectation, since it broke up without much retrace.
Now in 4H, Bull looks pretty powerful
Price is very close to the end of the structure.
Green (Bull Context) is taking most of the ribbons of "9 Seasons Rainbow Multiple Time Frames Pattern Indicator".
For the past two...
Bitcoin (Coinbase:BTCUSD) has just been rejected by 4030 resistance, the same story happened 8 days ago.
To challenge 4030 resistance again, a pullback is necessary, for the reasons:
Overbought (Yellow) in 1H time frame indicated by 9 Seasons Rainbow Indicator
RSI Divergence in 1H time frame.
Altcoins are becoming weaker than Bitcoin: LTC, EOS, etc.
Trading is complected, because Price is superimposed wave of price activities on different time frames.
When trends on short, medium and long term time frames move in the same direction, price trend is clear, as a whole.
On the other hand, when trends on different time frames against each other, range happens and price trend is hard to predict.
Bitcoin (CONBASE:BTCUSD) just got valid support.
Double Bottom Pattern is obvious.
Bull is showing strong desire to challenge 4050 resistance, which may happen within 72 hours.
Signals given by 9 Seasons Rainbow Multiple Time Frames Pattern PRO Indicator
Crazy Sold(Fuchsia) -> Oversold (Blue) indicates a failed breakdown and Price recovered to the support.
This education idea is about "Trend Following Pattern" using "9 Seasons Rainbow Indicator PRO".
This time, it serves as a BottomFinder perfectly.
Yesterday, just before the Dogi, 9 Seasons Rainbow Indicator PRO alerted "Time to Long", because a "Trend Following Pattern" had formed:
OverSold(Blue) in multiple time frames: 15m, 21m,30m 84m, 2H - meaning strong...
EOSUSD has completed Adjustment, the Support works, Time to buy.
Signals by 9 Seasons Rainbow PRO
OverSold(Blue) in 15m, 21m, 30m, 1H
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.
Bitcoin just bounced from the support as I charted 2 days ago in the idea "Bitcoin's Support, Resistance & Ascending Channel for Next Week".
The Ascending Channel is maintained pretty well, while the upper Resistance is lowered a bit to 4000 USD (Bitfinex:BTCUSD).
A new Trend Line is added, which might be a new Resistance.
Before the bounce, OverSold(Blue)...
5M is too small for most people, however, it provides important signals that bigger time frames does not.
LTCUSD has formed two shoulders yesterday, which are indicated on 5M time frame by "9 Seasons Rainbow Indicator PRO".
These OverBought (Yellow) signals helped me stop manually the long trade in Breakeven.
See the 5m Snapshot in the update underneath if it...
OverSold(Blue) in small time frame 15m based on Bull, BullRest, CrazyBought - Green series in large time frames( > 1H) is one of the best Pattern to Long.
OverBought(Yellow) in 2H is a negative signal, but it should work with OverSold in small time frame for Shorting.
LTC 15M Day Trade Plan using 9 Season Rainbow
Entry Point 1: 56 - 56.5 40%
From the movement of BTCUSD during the past week, Support(Green), Resistance(Red) and an Ascending Channel become clearer.
For Bear, a good policy might be: Waiting, Trigger Short trade when Bull enters the resistance and becomes exhausted.
For Bull, at the same way: Waiting, Trigger Long trade, when Bear enters the support and gets valid support.
A DUMP just happened, as alerted in my last idea <> of yesterday. Not many people agreed with me.
I have another education idea <>, which listed all the Tops indicated by <<9 Seasons Rainbow Indicator>> since November 2018 in 15m time frame.
Normally overbought is good time to take the profit;
however, it could evolve to crazybought, which indicates kind of...
BTCUSD and other cryptocurrencies have retested and confirmed the bottom of 3810 with the same violent way.
A new pump is running.
BTCUSD has CrazyBought on 15H, which is a sign of breakingout. In case CrazyBought changed back to OverBought, it means the resistance is working.
Short term Target: Fib 0.5 3920 usd, which was the previous bottom.
ETHUSD is weak, may...
After a month's amazing rally, S&P is OverBought (Yellow), as shown in "9 Seasons Rainbow Indicator", OverBought appears in 1H, 2H, 4H time frames.
Similar situation appeared on Oct 2018, the difference is the time frame level with OverBought is higher than this time.
In addition, S&P is touching the previous resistance. A pullback is coming.
Bitcoin and other altcoins has just bottomed out, with 2H OverSold (Blue) in "9 Seasons Rainbow Indicator".
Big buyers swallowed all selling within 2 hours. 2H OverSold (Blue) means the panic caused by the dump of Feb 24 has ended and this bottom should be able to be held for a few weeks.
Details of OverSold:
BTCUSD: 85m 2H