Another solid Risk to Reward setup here. I cannot stress how important it is to have a good Risk to Reward ratio under pinning all of your trading decisions. I always look for 5:1, 4:1 or at least 3:1 reward for any capital I put at risk. This means that even if im performing badly and placing more losers than winners, I'm likely to at least break even or even...
Bitcoin (XBTUSD,BTCUSD) got strong support in a violent way, out of many people's exception. Whether it was manipulated by whales or not, a Demand Zone is out there: 9100 - 9500.
Double Long Wicks in 1H
Blue in 4H Ribbon of "9 Seasons Rainbow Multi TimeFrames Pattern": which indicates strong support
Expectation for Later move:
66.6% The Support will push...
Symbol: Bitcoin vs usd, XBTUSD, BTCUSD
Bitcoin has just got support at 10350-10600 zone. The following days, it may consolidate to decide the direction.
There are some Trend Lines, Red Lines for Resistance, Green Lines For Support.
Short Signals: when it is rejected by Red Trend line with Yellow or Red Signal in "9 Seasons Rainbow Indicator".
Long Signals: ...
Symbol: Bitcoin, XBTUSD, BTCUSD
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern
Short Timeframe: 15m Blue - Support
Long Timeframes – Context: Green - Upward Trend
ENTRY @ 10351
SL @ 9999
T1 @ 10999
T2 @ 11199
T3 @ 11499
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Symbol: Bitcoin , BTCUSD , XBTUSD
Context: Descending Channel
Indicator: 9 Seasons Rainbow Multiple Time Frames Pattern
Charting Timeframe: 15m - 11H
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...
BITCOIN is back to Bullish Channel , a rise to 8300 is expected within the next few days.
Possible resistance level: 8300, 8600, 8800.
Support level is lifted from 7500 zone to 7900 zone, as charting, the green zone, which may be retested after being rejected by the upper resistance.
BTCUSD , XBTUSD , BTCUSDT
Signals given by 9 Seasons Rainbow...
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What a great opportunity for shorting, right at the beginning of a trend .With a double top, macd squeeze, under ema, mtf are all confirming red (short) and higher timeframe daily strong down trend. Hope you found this helpful please comment if you have any input. Risk management is the key to success