🚀 Current Crypto Market Cycle & Trading Approach
📉 The crypto market is currently in the corrective phase of the W timeframe, meaning the recent W uptrend has topped out for most coins, including Bitcoin. Most assets have been in a downward correction for about 6-7 weeks.
📊 Current Market Structure:
✅ M Cycle: Still maintaining an uptrend structure
🔻 W Cycle: In a corrective downtrend, but will resume upward afterward
📉 D1 & H4 Cycles: Moving sideways with a bearish bias, forming a bottom within W’s correction
⚙️ Trading Approach:
📌 Setup the Rainbow MG3 Indicator for BUY Entries:
⏳ M15 - D1
⏳ H1 - D1
⏳ H1 - W (Wait for this signal to capture the next W top breakout)
🚨 Key Considerations:
⚠️ If only D1 BUY signals appear, they indicate a temporary pullback rather than a true bottom on W.
⚠️ These are scalping signals, not long-term entries, meaning lower profit potential—not the expected 2x, 3x, or higher gains.
📉 The crypto market is currently in the corrective phase of the W timeframe, meaning the recent W uptrend has topped out for most coins, including Bitcoin. Most assets have been in a downward correction for about 6-7 weeks.
📊 Current Market Structure:
✅ M Cycle: Still maintaining an uptrend structure
🔻 W Cycle: In a corrective downtrend, but will resume upward afterward
📉 D1 & H4 Cycles: Moving sideways with a bearish bias, forming a bottom within W’s correction
⚙️ Trading Approach:
📌 Setup the Rainbow MG3 Indicator for BUY Entries:
⏳ M15 - D1
⏳ H1 - D1
⏳ H1 - W (Wait for this signal to capture the next W top breakout)
🚨 Key Considerations:
⚠️ If only D1 BUY signals appear, they indicate a temporary pullback rather than a true bottom on W.
⚠️ These are scalping signals, not long-term entries, meaning lower profit potential—not the expected 2x, 3x, or higher gains.
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
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
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.