Bitcoin

Bitcoin Multi Timeframe Analysis

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Hello, here is a simple analysis on several timeframes for Bitcoin / USD on Bitfinex.
I used my custom indicator, called Cyatophilum Bands. The upper band can be used as resistance, and the lower band as support.
If price breaks below: go Short and wait for a weighty top wick or a green candle to exit.
If price breaks above: go Long and wait for a significant bottom wick or a red candle to exit.

The Cyatophilum Bands indicator can be configured on several timeframes, as such:

High timeframes
4H (240)
cuplikan


1H (60)
cuplikan


Low Timeframes
15 M
cuplikan


5 M
cuplikan


The automated alerts help to not miss opportunities.
Backtest below.
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Thanks for reading ! I'll appreciate your analysis too.

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