Automated Signal Monitoring and Filtering with the Rainbow MG3 🚀 Current Crypto Market Cycle & Trading Approach
📉 The crypto market is currently in the corrective phase of the W timeframe, meaning the recent W uptrend has topped out for most coins, including Bitcoin. Most assets have been in a downward correction for about 6-7 weeks.
📊 Current Market Structure:
✅ M Cycle: Still maintaining an uptrend structure
🔻 W Cycle: In a corrective downtrend, but will resume upward afterward
📉 D1 & H4 Cycles: Moving sideways with a bearish bias, forming a bottom within W’s correction
⚙️ Trading Approach:
📌 Setup the Rainbow MG3 Indicator for BUY Entries:
⏳ M15 - D1
⏳ H1 - D1
⏳ H1 - W (Wait for this signal to capture the next W top breakout)
🚨 Key Considerations:
⚠️ If only D1 BUY signals appear, they indicate a temporary pullback rather than a true bottom on W.
⚠️ These are scalping signals, not long-term entries, meaning lower profit potential—not the expected 2x, 3x, or higher gains.
