go8686

Bitcoin's Support, Resistance & Ascending Channel for Next Week

BITFINEX:BTCUSD   ビットコイン/米ドル
From the movement of BTCUSD during the past week, Support(Green), Resistance(Red) and an Ascending Channel become clearer.
For Bear, a good policy might be: Waiting, Trigger Short trade when Bull enters the resistance and becomes exhausted.
For Bull, at the same way: Waiting, Trigger Long trade, when Bear enters the support and gets valid support.
The upper border of ascending channel works as resistance, while the lower border as support.

Signals given by 9 Seasons Rainbow Indicator PRO:
OverBought(Yellow) in 21m, indicates a pullback is needed to release the overbought stress.
CrazyBought(Lime) in 2H & 170m, which means BTC is running to touch new height.

To understand how OverBought, CarzyBought are defined in "9 Seasons Rainbow Indicator", and to try DEMO on your favorite assets,
Please check the underneath Resources.

############################## DISCLAIM ##############################
This is only a personal opinion and does NOT serve as investing NOR trading advice.
Please make their own decisions, carefully assess risks and be responsible for your own investing and trading activities.





PM the author for a trial of the indicators. 联系作者要求试用指标。
A Trading Indicator Artisan, JAVA Programmer, who is helping traders improve productivity.
JAVA程序员, 专注于加密货币交易指标开发,致力于帮助交易者提高效率。