Bitcoin and other Coins has bottomed out with 2H level OverSold
Updated
Bitcoin and other altcoins has just bottomed out, with 2H OverSold (Blue) in "9 Seasons Rainbow Indicator".
Big buyers swallowed all selling within 2 hours. 2H OverSold (Blue) means the panic caused by the dump of Feb 24 has ended and this bottom should be able to be held for a few weeks.
Details of OverSold:
BTCUSD: 85m 2H
ETHUSD: 2H
LTCUSD: 85m
EOSUSD: 85m 2H
OverBought in 169m level of LTCUSD means the stress of overbought accumulated in the pump on February need to be released later.
Big buyers swallowed all selling within 2 hours. 2H OverSold (Blue) means the panic caused by the dump of Feb 24 has ended and this bottom should be able to be held for a few weeks.
Details of OverSold:
BTCUSD: 85m 2H
ETHUSD: 2H
LTCUSD: 85m
EOSUSD: 85m 2H
OverBought in 169m level of LTCUSD means the stress of overbought accumulated in the pump on February need to be released later.
Note
---------- Disclaim ----------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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