Common Trend Reversal Patterns BTC/JPY 1-Hour Chart【RCI Three Lines + BODSOR】

RCI3 Triple Top and Bottom Pullback Buy and Sell on Return after RCI3 Triple Top


The figure below is an hourly BTC/JPY chart from April 23 to April 26, 2018.

BTC/JPY (BitCoin/Yen) 1-hour chart

Upper section:BODSOR
Lower section: RCI3 lines (red: RCI9, light blue: RCI26, yellow: RCI52)


(1) Pullback Buy Signal (pink arrows encircled)

Among the three RCI lines, only RCI9 is clearly trending downward.
If RCI9 reverses and moves up, all three RCI lines may rise together.
In other words, there is a possibility of a strong price rise as well.

In such a situationBODSOR's pullback buy signal (pink arrow) lights up.

BODSORImmediately after the signal lights up, a bullish candlestick occurs, and the price continues to rise,
so in this case the pullback buy signal functions well.
as a pullback buy signal.


(2) Return Sell Signal (yellow arrows encircled)

Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and moves down, all three RCI lines may decline together.
In other words, there is a possibility of a strong price drop as well.

In such a situationBODSOR's return sell signal (yellow arrow) lights up.

BODSORImmediately after the signal lights up, four consecutive bearish candles appear, and
in this case the signal functions well as a return sell signal.
to be seen.


Indicator displaying pullback buy and return sell signals【BODSOR】


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Examples of pullback buy and return sell signals on USD/JPY 1-hour chart



※Please note that, for convenience of explanation, the charts in this article may include added circles, lines, and rectangles representing yen values or straight lines.
We appreciate your understanding.