Long

BTCUSD Possible Long Opportunity

We saw that our current "Sell" Signal on our indicator had given us a nice decline in price as anticipated. A 9.15% profit return was produced after the signal was established. We expect the price to eventually reverse, give a buy signal and shoot off to the upside. However, this is a technical theory. Technical Analysis shows a triangle range, thus price has started to compress near the narrow end. We do anticipate a breakout eventually. Therefore, a possible "BUY" opportunity may take place.

BTCUSD on the 2H chart using the Income Trend Signals [MC] Indicator:

Currently we can perceive that we are presently in an "Avoid" Signal for BTCUSD on the 2H timeframe. However, momentum and strength are starting to increase and we do anticipate a strong "BUY" signal to generate. To all our traders currently using our indicators, watch closely for the signals to form, also await for confirmation before making any decisions and taking any trades.
Play this move appropriately.

-Updates soon to come.

-CoderX Studio

TradingInsite

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