Return-selling signal after successfully navigating the RCI3 double ceiling (an extremely common pattern)

The figure below is the BTCUSD (Bitcoin / USD) 4-hour chart.


BTCUSD (Bitcoin / USD) 4-hour chart

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


Sell-on-rebound signal (yellow arrows circled)

Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and declines, there is a scenario where all three RCIs decline together.
In other words, the price could also fall strongly.

In such a situation,BODSOR's sell-on-rebound signal (yellow arrows) lights up.
(Note: a sell-on-rebound signal after a pullback from the triple-top of RCI)


BTCUSD (Bitcoin / USD) 4-hour chart

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


Here, around the area enclosed by the white box in the figure above, that is, in the first pullback after the triple-top of RCI, we will examine in detail on the 1-hour chart.


The figure below is the BTCUSD (Bitcoin / USD) 1-hour chart.


BTCUSD (Bitcoin / USD) 1-hour chart

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


Sell-on-rebound signal (yellow arrows circled)

Among the three RCI lines, only RCI9 is clearly rising.
If RCI9 reverses and declines, there is a scenario where all three RCIs decline together.
In other words, the price could also fall strongly.

In such a situation,BODSOR's sell-on-rebound signal (yellow arrows) lights up.

On the 1-hour chart as well, you can see that after a pullback from the RCI triple-top the sell-on-rebound signal lights up.


To enhance precision of buying the dips and selling on rebounds using the three RCI lines
the indicator [BODSOR] was developed


Twitter
https://twitter.com/RCIX3Line

Blog
http://bodsor.blog.fc2.com/

Investment Navigator Plus
https://fx-on.com/navi/serial/?id=359

YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw


USD/JPY 1-hour chart: examples of buy-the-dip and sell-on-rebound signals



※In the charts in this article, for convenience of explanation, circles, straight lines, squares, etc., may be drawn in.
Please note.