๐ Current Crypto Market Cycle & Trading Approach
๐ 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.
๐ Current Market Structure:
โ M Cycle: Still maintaining an uptrend structure
๐ป W Cycle: In a corrective downtrend, but will resume upward afterward
๐ D1 & H4 Cycles: Moving sideways with a bearish bias, forming a bottom within Wโs correction
โ๏ธ Trading Approach:
๐ Setup the Rainbow MG3 Indicator for BUY Entries:
โณ M15 - D1
โณ H1 - D1
โณ H1 - W (Wait for this signal to capture the next W top breakout)
๐จ Key Considerations:
โ ๏ธ If only D1 BUY signals appear, they indicate a temporary pullback rather than a true bottom on W.
โ ๏ธ These are scalping signals, not long-term entries, meaning lower profit potentialโnot the expected 2x, 3x, or higher gains.
๐ 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.
๐ Current Market Structure:
โ M Cycle: Still maintaining an uptrend structure
๐ป W Cycle: In a corrective downtrend, but will resume upward afterward
๐ D1 & H4 Cycles: Moving sideways with a bearish bias, forming a bottom within Wโs correction
โ๏ธ Trading Approach:
๐ Setup the Rainbow MG3 Indicator for BUY Entries:
โณ M15 - D1
โณ H1 - D1
โณ H1 - W (Wait for this signal to capture the next W top breakout)
๐จ Key Considerations:
โ ๏ธ If only D1 BUY signals appear, they indicate a temporary pullback rather than a true bottom on W.
โ ๏ธ These are scalping signals, not long-term entries, meaning lower profit potentialโnot 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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.