Bitcoin just bounced from the support as I charted 2 days ago in the idea "Bitcoin's Support, Resistance & Ascending Channel for Next Week".
The Ascending Channel is maintained pretty well, while the upper Resistance is lowered a bit to 4000 USD (Bitfinex:BTCUSD).
A new Trend Line is added, which might be a new Resistance.
Before the bounce, OverSold(Blue) appeared in 30m & 42m, indicated the strong support.
To understand how OverSold is defined in "9 Seasons Rainbow Indicator", and to try DEMO on your favorite assets,
Please check the underneath Resources.
Details can be seen in 15m Chart
##################### 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.
The Ascending Channel is maintained pretty well, while the upper Resistance is lowered a bit to 4000 USD (Bitfinex:BTCUSD).
A new Trend Line is added, which might be a new Resistance.
Before the bounce, OverSold(Blue) appeared in 30m & 42m, indicated the strong support.
To understand how OverSold is defined in "9 Seasons Rainbow Indicator", and to try DEMO on your favorite assets,
Please check the underneath Resources.
Details can be seen in 15m Chart
##################### 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.
Note
The adjustment seems almost done, how far the 2nd pump can go?Note
Ascending Triangle
Message the author go8686 for a trial of the indicators.
A Trading Indicator Artisan and JAVA & Pine Script Programmer, dedicated to enhancing traders' productivity.
------ L’épée reconnaît celui qui connaît son âme. ------
A Trading Indicator Artisan and JAVA & Pine Script Programmer, dedicated to enhancing traders' productivity.
------ L’épée reconnaît celui qui connaît son âme. ------
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Message the author go8686 for a trial of the indicators.
A Trading Indicator Artisan and JAVA & Pine Script Programmer, dedicated to enhancing traders' productivity.
------ L’épée reconnaît celui qui connaît son âme. ------
A Trading Indicator Artisan and JAVA & Pine Script Programmer, dedicated to enhancing traders' productivity.
------ L’épée reconnaît celui qui connaît son âme. ------
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.