Bitcoin Resistance Worked - Short Trade 20190721UK

Symbol: Bitcoin , XBTUSD , BTCUSD
Timeframe: 30M
Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern

Signals:
Short Timeframe: Green - Red
Medieum Timeframe: 90m Yellow, 2H Lime - Yellow: Resistance worked, Breakout Fading
Long Timeframes – Context: Red – Bearish

SETUP: SHORT
ENTRY @ 10600-10800
SL @ 11101
T1 @ 10301
T2 @ 10151
T3 @ 10001

Manual Stop Conditions:
Yellow in 90m or 2H becomes Lime and keeps
Violent Price Swing Upward

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

Bình luận:

If it can get over the previous platform 10600 and stay over it, the short position should be closed. A long position may be placed then.

Giao dịch được đóng thủ công:

Closed manually with small profit.
Bitcoin got valid support at 10300-10450, got over previous level of 10550-10600. The pull back should be over for now.
In 9 Seasons Rainbow Indicator, There is Green in 15m, Blue in 21m