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.
评论
⋅
The adjustment seems almost done, how far the 2nd pump can go?