BTCUSD has a high probability for second bounce to 3960.
Aggiornato
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 activity.
The time frames of OverSold(Blue):
BTCUSD: 15M
ETHUSD: 15M
LTCUSD: 21M , 30M
EOSUSD: 15M, 21M, 30M, 42M, 1H
The time frames of OverSold(Blue):
BTCUSD: 15M
ETHUSD: 15M
LTCUSD: 21M , 30M
EOSUSD: 15M, 21M, 30M, 42M, 1H
Nota
Bull is weak, stopped by the resistance of 3920, The probability of rising is reduced. Looks like the probability of breaking down is getting bigger. OverSold signal has become CrazySold in EOS and LTC.Nota
Nota
Bull is fighting to go over the resistance. The context is Bearish since dump of 24 Feb, this should not be forgotten. So, the best policy might be waiting for Bull becomes exhausted, then Short.
Nota
An ascending triangle is forming, Bull is getting stronger. The time to choose the direction is close.Nota
LTC and EOS are setting out.Nota
ETH is setting out.Nota
FadingNota
Bull has tried three times, the ascending triangle failed, the last head is lower than the previous, it has become range. Does it make sense to try the 4th time?Nota
More OverSold signals appeared to confirm the bottom at Feb 27 03:30, details:BTCUSD 1H
ETHUSD 30M
EOSUSD 84M 169M
LTC 21M, 30M
Sometimes keep on watching candles is confusing. Need to leave it running.
Nota
BITCOIN stopped at 3930, 2nd bounce ended. When will the two supports 3880 and 3820 be broken?All the four coins have OverBought ( Yellow) in 15m time frame.
Nota
---------- Disclaim ----------28/02/2019This 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 investment and trading activities.
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A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
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