go8686

Bitcoin Resistance Worked - Short Trade 20190721UK

Short
go8686 Updated   
BITMEX:XBTUSD.P   Bitcoin
Symbol: Bitcoin , XBTUSD , BTCUSD
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern

Signals:
Short Timeframe: Green - Red
Medieum Timeframe: 90m Yellow, 2H Lime - Yellow: Resistance worked, Breakout Fading
Long Timeframes – Context: Red – Bearish

SETUP: SHORT
ENTRY @ 10600-10800
SL @ 11101
T1 @ 10301
T2 @ 10151
T3 @ 10001

Manual Stop Conditions:
Yellow in 90m or 2H becomes Lime and keeps
Violent Price Swing Upward

I appreciate your like or comment. Welcome to share your idea here.
PM the author for a one-week free trial of " 9 Seasons Rainbow Multi TimeFrames Pattern ".

DISCLAIMER
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Comment:
If it can get over the previous platform 10600 and stay over it, the short position should be closed. A long position may be placed then.
Trade closed manually:
Closed manually with small profit.
Bitcoin got valid support at 10300-10450, got over previous level of 10550-10600. The pull back should be over for now.
In 9 Seasons Rainbow Indicator, There is Green in 15m, Blue in 21m

Message the author for a trial of the indicators.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.