Tutorial 1: Yellow, the Color that Predicts Dump of Bitcoin
Bitcoin is famous for high volatility and all kinds of traps that happen at anytime. When a dump ended a bullish run, people got sucked. Is there a way to lock maximum profits from your existing long positions and to avoid opening new long positions before a dump? Charting by tradingview Link to Education Idea The solution is the color Yellow. Yellow represents OverBought, which is one of the seasons of market life cycle in "9 Seasons Rainbow Indicator". Let's have a look at two related seasons' definition: OverBought (Yellow): may have defined a top or resistance, can happen in range, evolves into CrazyBought (Lime) or Bear (Red). CrazyBou...