Bitcoin is famous for high volatility and all kinds of traps that happen at anytime. When a dump ended a bullish run, people got sucked. Is there a way to lock maximum profits from your existing long positions and to avoid opening new long positions before a dump? The solution is the color Yellow. Yellow represents OverBought, which is one of the seasons of market...
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...
After a month's amazing rally, S&P is OverBought (Yellow), as shown in "9 Seasons Rainbow Indicator", OverBought appears in 1H, 2H, 4H time frames. Similar situation appeared on Oct 2018, the difference is the time frame level with OverBought is higher than this time. In addition, S&P is touching the previous resistance. A pullback is coming.
BTCUSD, ETHUSD, LTCUSD, EOSUSD have OverSold (BLUE) signals in 9 Seasons Rainbow Indicator, which indicator they get valid support from yesterday's bottom. The pullback of yesterday's bounce has completed. There is high probability for BTCUSD to reach the previous height at 3960 before breaking down the support of 3870. The other altcoins should have similar price...
Bitcoin is building a Cup-Handle Pattern, a high position Bull Flag is formed, another strong boom is expected. 4070 and 4170 will be two major Resistances.
After over a week's wandering off, Bitcoin found the bottom. Reasons as follows: Divergence of MACD in 1H time frame. Strong bounces from the demanding area with big volume. The problem of Tether has almost resolved. Large capital withdraws from stock market may pour into crypto market. Plan: Long the pullback. Stop: 6500 Target 1: 6650 Target 2: 6750 + Leverage:...
Euro Index has a high level MACD Divergence for Bull - 1D & 2D. EXY got a long lower shadow - near a Hammer yesterday. Euro gets strong and valid support from previous support zone: 113-115. Plan: Long Stop: 13.4 Target 1: 118 Target 2: 124 If it goes over 118 successfully, a bull run toward previous high 124 is expected.
Bitcoin gets support over demanding zone over 6350. A bull run is expected. Tether has been corrected to around 0.97. It gets support in Bitfinex as well. There are divergence in MACD-15m. Time to Long. Stop: 6340 Target 1: 6500 Target 2: 6600
BTC-COINBASE Rising Triangles Pattern: Baby + Mom Nested A breakup of baby is done, next breakup over 6480 is expected. Big Volume at 18:00 16 Oct supports this as well. Limit Buy: 6450-6465, no Leverage Target 1: 6550 Target 2: 6620 Stop-Loss: 6430 If price falls back under 6450, the pattern fails for this run.