BTCUSD, ETHUSD, LTCUSD, EOSUSD have OverSold (BLUE) signals in 9 Seasons Rainbow Indicator, which indicator they get valid support from yesterday's bottom. The pullback of yesterday's bounce has completed. There is high probability for BTCUSD to reach the previous height at 3960 before breaking down the support of 3870. The other altcoins should have similar price...
Bitcoin is famous for high volatility and all kinds of traps that happen at anytime. When a dump ended a bullish run, people got sucked. Is there a way to lock maximum profits from your existing long positions and to avoid opening new long positions before a dump?
The solution is the color Yellow. Yellow represents OverBought, which is one of the seasons of market...
This education idea uses "9 Seasons Rainbow Indicator" to discuss long trade signals based on specific scenario.
The combinations of seasons on different time frames form patterns; some patterns have high probability of success for trading.
"Long Signals of OverSold above Bull or BullRest Seasons" is one of the best signals, which serves as a bottom finder....
Bear seems exhausted, 3 bottoms were built within the past two days and a higher low is here.
Volatility was getting smaller and smaller, which need a breakout to release the stress.
An ascending triangle is there,waiting the final moment, breakup or fading.
Will a twin bottom of 2019 Dec. 15 be confirmed by a boom?
After over a week's wandering off, Bitcoin found the bottom. Reasons as follows:
Divergence of MACD in 1H time frame.
Strong bounces from the demanding area with big volume.
The problem of Tether has almost resolved.
Large capital withdraws from stock market may pour into crypto market.
Plan: Long the pullback.
Target 1: 6650
Target 2: 6750 +
Euro Index has a high level MACD Divergence for Bull - 1D & 2D.
EXY got a long lower shadow - near a Hammer yesterday.
Euro gets strong and valid support from previous support zone: 113-115.
Target 1: 118
Target 2: 124
If it goes over 118 successfully, a bull run toward previous high 124 is expected.
Bitcoin gets support over demanding zone over 6350. A bull run is expected. Tether has been corrected to around 0.97. It gets support in Bitfinex as well.
There are divergence in MACD-15m.
Time to Long.
Target 1: 6500
Target 2: 6600
BTC-COINBASE Rising Triangles Pattern: Baby + Mom Nested
A breakup of baby is done, next breakup over 6480 is expected.
Big Volume at 18:00 16 Oct supports this as well.
Limit Buy: 6450-6465, no Leverage
Target 1: 6550
Target 2: 6620
If price falls back under 6450, the pattern fails for this run.