Bitcoin Resistance Worked - Short Trade 20190721
Aggiornato
Symbol: Bitcoin, XBTUSD, BTCUSD
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signal:
Short Timeframe: Green - Red
Medieum Timeframe: 90m Yellow, 2H Lime - Yellow: Resistance worked, Breakout Fading
Long Timeframes – Context: Red – Bearish
SETUP: SHORT
ENTRY @ 10600-10800
SL @ 11101
T1 @ 10301
T2 @ 10151
T3 @ 10001
Manual Stop Condition:
Yellow in 90m or 2H becomes Lime and keeps
Violent Price Swing Upward
Remark about Signals
Lime becomes Yellow means breakout is fading, if a breakout after long time consolidation faded soon, it indicates the zone is supply zone and Bull is not ready for it.
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of "9 Seasons Rainbow Indicator".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Signal:
Short Timeframe: Green - Red
Medieum Timeframe: 90m Yellow, 2H Lime - Yellow: Resistance worked, Breakout Fading
Long Timeframes – Context: Red – Bearish
SETUP: SHORT
ENTRY @ 10600-10800
SL @ 11101
T1 @ 10301
T2 @ 10151
T3 @ 10001
Manual Stop Condition:
Yellow in 90m or 2H becomes Lime and keeps
Violent Price Swing Upward
Remark about Signals
Lime becomes Yellow means breakout is fading, if a breakout after long time consolidation faded soon, it indicates the zone is supply zone and Bull is not ready for it.
I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of "9 Seasons Rainbow Indicator".
DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Nota
In 15m Yellow -> Purple, which means the support is broken down.Nota
If it can get over the previous platform 10600 and stay over it, the short position should be closed. A long position may be placed then.Trade chiuso manualmente
Closed manually with small profit. Bitcoin got valid support at 10300-10450, got over previous level of 10550-10600. The pull back should be over for now.
In 9 Seasons Rainbow Indicator, There is Green in 15m, Blue in 21m
Message the author for a trial of the indicators.
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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