Trade Strategy for Bitcoin in Descending Channel 201907

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Symbol: Bitcoin , BTCUSD , XBTUSD

Context: Descending Channel

Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern

Charting Timeframe: 15m - 11H

Short Signals:
Green->Red on 15m-30m + Yellow on 1H - 2H + Green Context
Yellow -> Red on 15m--1H + Red or Yellow Context
Green -> Red on 15m - 1H + Red or Yellow Context
Zone near upper border of the Descending Channel

Long(Small Position) Signals:
Multiple Blue -> Green + Red Context
Zone near lower border of the Descending Channel

Trade Setup Examples:

Long trade a bounce: Target Reached

Short the end of a bounce: Target Reached

This is only a personal opinion and does NOT serve as investing advice NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading activities.
A Trading Indicator Artisan, JAVA Programmer,who is helping traders improve productivity.
Tuto List: https://9seasonsrainbowindicator.blogspot.com/search/label/tutorial


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