📌 This week, trend consistency is aligned across D1, W, and M timeframes. We will follow the D1 cycle to trade BTC or use it as a guide for short-term Altcoin Scalping.
📌 At the same time, we anticipate the formation of the next bullish structure on W timeframe. The accumulation zone on W may form around $77K - $85K, as mentioned in my previous analysis. The next peak of the W/M cycle uptrend is projected to be around $140K.
🔥 Now, what’s the plan for BTC this week?
Below is the setup guide for the Rainbow MG3 Indicator, to wait for BUY or SELL confirmations from BTC.
🟢 1. Short-Term BUY Setup on D1
✅ Time Frame 1: M15 or H1
✅ Time Frame 2: D1
✅ Strategy:
⚡ Wait for a BUY signal on BTC for Scalping opportunities.
🔴 2. Mid-Term SELL Setup on W
✅ Time Frame 1: H1 or H4
✅ Time Frame 2: W
✅ Strategy:
📉 Wait for a SELL signal on BTC once D1 completes its upward correction, following the W downtrend continuation.
🟢 3. Primary BUY Signal on W
✅ Time Frame 1: H1 or H4
✅ Time Frame 2: W
✅ Strategy:
🚀 This is my key focus – a Swing BUY signal on BTC.
💎 Once confirmed, this signal will initiate the next bullish wave, including Altcoins that are ready to follow BTC's structure.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
Related publications
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.
The RainBow MG3 Indicator identifies trends, reference prices, wave start times, and trend endpoints while sending alerts to your personal Telegram. Join the RainBow MG3 community on Telegram: t.me/rainbowmg3
Related publications
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.