There is a possibility for the beginning of an uptrend in BTSBTC
Technical analysis:
. BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001510 to 0.00001290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001510)
Ending of entry zone (0.00001290)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001930
TP2= @ 0.00002130
TP3= @ 0.00002400
TP4= @ 0.00002750
TP5= @ 0.00003050
TP6= @ 0.00004115
TP7= @ 0.00004870
TP8= @ 0.00005830
TP9= @ 0.0000710
TP10= 0.0001020
TP11= 0.00014140
TP12= Free
. BITSHARES/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00001510 to 0.00001290). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00001510)
Ending of entry zone (0.00001290)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00001930
TP2= @ 0.00002130
TP3= @ 0.00002400
TP4= @ 0.00002750
TP5= @ 0.00003050
TP6= @ 0.00004115
TP7= @ 0.00004870
TP8= @ 0.00005830
TP9= @ 0.0000710
TP10= 0.0001020
TP11= 0.00014140
TP12= Free
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🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
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