go8686

Watch Out for Possible BITCOIN Pullback

Short
go8686 Aktualisiert   
BITFINEX:BTCUSD   Bitcoin
BITCOIN is getting more and more dangerous for Bull. It may challenge the previous high, or even breakout into higher high. But the Marginal Revenue is decreasing for Long Trade.
So Bull gets to watch out for a possible Pullback.
It is still in Range, so it is up to the market.

Indicator:
9 Seasons Rainbow Multiple Time Frames Pattern PRO
RSI

Signals:
Bearish Divergence (Overbought /Resistance, Yellow) on 2H Time frame, which is strong short signal for Bitcoin, as discussed in my idea "Is Divergence the King or Queen of Crypto Technical Analysis"
Crazybought -> Overbought, Lime -> Yellow means the previous breakout is fading.

DISCLAIMER
This is only a personal opinion and does NOT serve as live trade call NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.



Kommentar:
Bull found support, the desire to breakout seems very strong.
Kommentar:
Lime appears on 170m, Bull is showing their strength.
Kommentar:
Lime (Crazy Bought) in multiple Time Frames Ribbons alerted the coming breakout in advance.

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A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
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