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go8686
20. Apr. 2019 18:26

Watch Out for Possible BITCOIN Pullback Short

Bitcoin / DollarBitfinex

Beschreibung

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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