BTCUSD, ETHUSD, LTCUSD, EOSUSD have OverSold (BLUE) signals in 9 Seasons Rainbow Indicator, which indicator they get valid support from yesterday's bottom. The pullback of yesterday's bounce has completed. There is high probability for BTCUSD to reach the previous height at 3960 before breaking down the support of 3870. The other altcoins should have similar price activity. The time frames of OverSold(Blue): BTCUSD: 15M ETHUSD: 15M LTCUSD: 21M , 30M EOSUSD: 15M, 21M, 30M, 42M, 1H
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Bull is weak, stopped by the resistance of 3920, The probability of rising is reduced. Looks like the probability of breaking down is getting bigger. OverSold signal has become CrazySold in EOS and LTC.
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Bull is fighting to go over the resistance. The context is Bearish since dump of 24 Feb, this should not be forgotten. So, the best policy might be waiting for Bull becomes exhausted, then Short.
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An ascending triangle is forming, Bull is getting stronger. The time to choose the direction is close.
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LTC and EOS are setting out.
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ETH is setting out.
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Fading
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Bull has tried three times, the ascending triangle failed, the last head is lower than the previous, it has become range. Does it make sense to try the 4th time?
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More OverSold signals appeared to confirm the bottom at Feb 27 03:30, details: BTCUSD 1H ETHUSD 30M EOSUSD 84M 169M LTC 21M, 30M Sometimes keep on watching candles is confusing. Need to leave it running.
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BITCOIN stopped at 3930, 2nd bounce ended. When will the two supports 3880 and 3820 be broken? All the four coins have OverBought ( Yellow) in 15m time frame.
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---------- Disclaim ----------28/02/2019 This is only a personal opinion and does not serve as investment nor trading advice. You should make their own decisions, carefully assess risks and be responsible for investment and trading activities.