9 Seasons Rainbow Indicator

BITCOIN   (BITFINEX:BTCUSD) is testing the upper border of the  ascending channel  . Two attempts were failed during the past hours. There may be another test, but with a high probability, a Pullback may happen soon.  Reasons:  Overbought / Resistance (Yellow) in 30 minute, and 42 minute time frames.  In 15 minute, a  Double Top  Pattern is formed.  MACD  Divergence in 30 minute  RSI  has Lower Top.  Hammer  on the top of 1 hour time frame.  There is strong support in 4130-4160, it is still too early to say if the support will work once more.  If you find this idea reasonable, please like it, I appreciate your thumbs up. People who like will have a bonus of Four-Day free trial of -"9 Seasons Rainbow Multiple Time Frames Pattern STANDARD Indicator".  If you love it, or if you hate it, leave your comment or your point of view. People who comment will have a bonus of one-week free trial of -"9 Seasons R...

This education idea uses "9 Seasons Rainbow Indicator" to discuss long trade signals based on specific scenario. The combinations of seasons on different time frames form patterns; some patterns have high probability of success for trading. "Long Signals of OverSold above Bull or BullRest Seasons" is one of the best signals, which serves as a bottom finder. Charting from tradingview Source of Education Idea OverSold on small time frame + Bull or BullRest on big time frames normally indicates a bottom. When the bottom is tested again and confirmed, it may be a good time for long trade. Instances: Please scroll to the time for details. 20190223 09:30 20190217 20:00 20190214 15:00 20190127 13:00 20190106 09:00 20190104 21:00 20181228 11:00 This post also use "Profitability Meter for Day Trading" to see the possible profit of the trades. ##################### DISCLAIM ################### This is only a personal opinion and does NO...