Price has been in uptrend since 5th - 6th Jan and is Continuing: Market is Trending and Bullish
Recently:
Swing Low: 13th Jan 4:00 pm - 0.002600 BTC
Swing High: 14th Jan 10:30 am - 0.003489 BTC
Just bounced of 50% retracement line - 0.003010 BTC
Also hitting Bollinger band Support
Also 10 & 20 EMA are very close so
= bounce is expected
Current Entry: at 0.003200 BTC
Target: 0.0042 - 0.0044 BTC <---(from Official Bitcoin Free Group Telegram)
Position Size: 1.46 ETC = 0.00454627 BTC = £44.55
Target: 0.00594500 BTC = £58.26
Recently:
Swing Low: 13th Jan 4:00 pm - 0.002600 BTC
Swing High: 14th Jan 10:30 am - 0.003489 BTC
Just bounced of 50% retracement line - 0.003010 BTC
Also hitting Bollinger band Support
Also 10 & 20 EMA are very close so
= bounce is expected
Current Entry: at 0.003200 BTC
Target: 0.0042 - 0.0044 BTC <---(from Official Bitcoin Free Group Telegram)
Position Size: 1.46 ETC = 0.00454627 BTC = £44.55
Target: 0.00594500 BTC = £58.26
Note
Next Resistance is at: 0.0028Set Stop Loss at: 0.0027
Loss:
0.0032 - 0.0027 = 0.0005 BTC * 1.46 ETC
= £7.08
Profit:
0.0042 - 0.0032 = 0.0010 BTC * 1.46 ETC
= £9.7 ....? or £13.71
Must of calculated something wrong, idk, either way
Risk to Reward is above 1 so calm.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.