Bitcoin

Bitcoin Multi Timeframe Analysis

1 640
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)
snapshot


1H (60)
snapshot


Low Timeframes
15 M
snapshot


5 M
snapshot


The automated alerts help to not miss opportunities.
Backtest below.
You can get it today here.

Thanks for reading ! I'll appreciate your analysis too.

--------------------------------------------------------------------------------------------------------------

My Website - Automated Strategies with Backtest and Alert Setup

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.