Signal: 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 Condition: Yellow in 90m or 2H becomes Lime and keeps Violent Price Swing Upward
Remark about Signals Lime becomes Yellow means breakout is fading, if a breakout after long time consolidation faded soon, it indicates the zone is supply zone and Bull is not ready for it.
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Comment
In 15m Yellow -> Purple, which means the support is broken down.
Comment
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.
Trade closed manually
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
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