Bitcoin Is Ready to Challenge the Resistance

Bitcoin may complete the correction soon and be ready to challenge the resistance: 8450 - 8550
I will buy the breakout of the falling trendline. Let us go to challenge 8500.

Symbol: BTCUSD
Timeframes: 15M - 12H

Indicator:
9 Seasons Rainbow Multi TimeFrames Pattern
Signals:
Short term ribbons: Blue * 2 in 15M and 22M; If Blue becomes Purple, the support is broken.
Medium term ribbons: Light Green, Green
Long term ribbons: Still Red - We are in a Big Bear Trend -- Don't forget that, If the resistance is still tough, don't hesitate to close the position.

T1 8500
T2 8600
Stop 8280

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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.

评论:

Thade Not active:
The descending triangle is broken downward to test lower support.
Blue in 15m turns purple, indicates the broken of the support.

评论:

If it breaks the falling trend line and stay above it, the set up still valid.

评论:

Trade Active, The trendline is broken, First Ribbon turns Green.

评论:

Entry: 8250
Stop: 8170
T1:8500
T2:8600

交易手动结束:

Position Close Breakeven at 8300
The Retest was weak, a LH was formed.
Bitcoin could look for support on lower level than 8200.