Bitcoin's Support, Resistance & Ascending Channel for Next Week
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.
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.
Message the author for a trial of the indicators.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
A Trading Indicator Artisan and JAVA Programmer, dedicated to enhancing traders' productivity.
